Combined cash - bank account- cash book, Cost Accounting

The following is a summary of a cash book for the year ended 31 April 2012

Payments                                              $              Receipts                                               $

Rent                                                     625          bar sales                                              583

Rates                                                   200         entrance fees                                        60

Lighting                                               182         Members subscriptions                         2, 220

Wages                                                 760         Donations                                            350        

Printing and stationery                       126

General expenses                               79

Creditors for bar purchases                430

Improvements to club house              388

Repairs                                               310

Additional information available from the records is as follows

                                                                                                31 April 2011       31April 2012

                                                                                                      $                              $

Creditors for- wines and spirits                                                   190                         130

                            Printing                                                             12                           16

                            Wages                                                              27                           38

                            Lighting                                                            21                           37

                            Arrears of subscriptions                                   89                           97

                            Subscriptions Paid in Advance                        45                           38

                            Bar Stock                                                        148                         123

                            Cash in hand                                                    60                           72

                           Cash at bank                                                   210

                            Premises                                                       7, 500

                            Fittings (net of depreciation)                         1, 740

Depreciation on fittings is to be provided at 10% on reducing balance.


a)      A combined cash/bank account for the year ended 31st April 2012 and

b)      An income and expenditure account for the year ended 31st April 2012, and  a statement of financial position as at that date.

Posted Date: 2/16/2013 1:20:20 AM | Location : United States

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