Chapter 10
Cash Controls
307
The cash ledger account and the bank statement for October are shown in Figure 10.25.
GENERAL LEDGER
Account: Cash
GL. No. 101
Date
Description
DR
CR
Balance
Oct 1 Opening Balance
6,300 DR
Oct 2 Cheque #62
3
140 6,160 DR
Oct 4 Deposit M. Smith
3
200
6,360 DR
Oct 7 Cheque #63
570 5,790 DR
Oct 15 Cheque #64
820 4,970 DR
Oct 17 Deposit
3
1,200
6,170 DR
Oct 21 Cheque #65
3
540 5,630 DR
Oct 25 Cheque #66
320 5,310 DR
Oct 29 Cheque #67
410 4,900 DR
Oct 31 Deposit
900
5,800 DR
Bank Statement
October 1–October 31, 2016
Date
Description
Withdrawal Deposit Balance
Oct 1 Opening Balance
4,930
Oct 1 EFT Rent
1,300
3,630
Oct 2 Deposit
3
2,200
5,830
Oct 4 Cheque #57
3
350
5,480
Oct 5 Deposit
3
200
5,680
Oct 6 NSF Cheque
200
5,480
Oct 6 NSF Fee
15
5,465
Oct 8 Cheque #62
3
140
5,325
Oct 10 Cheque #59
3
480
4,845
Oct 15 EFT Deposit
300
5,145
Oct 18 Deposit
3
1,200
6,345
Oct 23 Cheque #63
750
5,595
Oct 25 Cheque #65
3
540
5,055
Oct 31 Service Cheque
10
5,045
Cheque #63 was for advertising and was cashed for the correct amount by the bank
The NSF cheque was from a customer as payment of their account
The EFT deposit was a customer paying their account
______________
Figure 10.25
