{"id":146,"date":"2016-09-15T07:39:00","date_gmt":"2016-09-15T06:39:00","guid":{"rendered":"https:\/\/www.thetrainingplace.org\/blog\/2016\/09\/15\/do-you-understand-the-movement-of-money-in-the-cash-book-2\/"},"modified":"2024-11-22T16:21:52","modified_gmt":"2024-11-22T16:21:52","slug":"do-you-understand-the-movement-of-money-in-the-cash-book-2","status":"publish","type":"post","link":"https:\/\/www.thetrainingplace.org\/blog\/2016\/09\/do-you-understand-the-movement-of-money-in-the-cash-book-2\/","title":{"rendered":"DO YOU UNDERSTAND THE MOVEMENT OF MONEY IN THE CASH BOOK ?"},"content":{"rendered":"<div><a style=\"clear: right; float: right; margin-bottom: 1em; margin-left: 1em;\" href=\"https:\/\/blogger.googleusercontent.com\/img\/b\/R29vZ2xl\/AVvXsEiHv2UFTSuoNpvxu11lANH89TvWJbPiRXS_XzoCGT0oqgfqLtGgvqQMsWeGTmBV45fX4KBhyRCxp16h_SCN_PcHi2hSYEE6WHeTSMkJfzJ_rIhk1c2hghxIsoeh6dV1VmYomGvM6jeBcgY\/s1600\/image+1.jpg\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/blogger.googleusercontent.com\/img\/b\/R29vZ2xl\/AVvXsEiHv2UFTSuoNpvxu11lANH89TvWJbPiRXS_XzoCGT0oqgfqLtGgvqQMsWeGTmBV45fX4KBhyRCxp16h_SCN_PcHi2hSYEE6WHeTSMkJfzJ_rIhk1c2hghxIsoeh6dV1VmYomGvM6jeBcgY\/s200\/image+1.jpg\" width=\"200\" height=\"200\" border=\"0\" \/><\/a><span style=\"font-family: 'arial' , sans-serif; font-size: 12pt;\">Lets see how you get on with this simple scenario:<\/span><\/div>\n<div style=\"margin-left: 36.0pt; mso-list: l0 level1 lfo1; text-indent: -18.0pt;\"><!-- [if !supportLists]--><br \/>\n<span style=\"font-family: 'symbol'; font-size: 12.0pt;\">\u00b7<span style=\"font-family: 'times new roman'; font-size: 7pt; font-stretch: normal;\">\u00a0\u00a0<\/span><\/span><span style=\"font-family: 'arial' , 'sans-serif'; font-size: 12.0pt;\">Where there is an opening debit bank balance of \u00a32,290 and the totals recorded in the cash book for the year ended 30 June 20X1 were:<\/span><\/div>\n<div style=\"margin-left: 36.0pt;\"><\/div>\n<table style=\"border-collapse: collapse; border: none; mso-border-alt: solid windowtext .5pt; mso-border-insideh: .5pt solid windowtext; mso-border-insidev: .5pt solid windowtext; mso-padding-alt: 0cm 5.4pt 0cm 5.4pt; mso-yfti-tbllook: 1184;\" border=\"1\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody>\n<tr>\n<td style=\"border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 90.45pt;\" valign=\"top\" width=\"121\">\n<div><span style=\"font-family: 'arial' , 'sans-serif'; font-size: 12.0pt;\">Receipts<\/span><\/div>\n<\/td>\n<td style=\"border-left: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 3.0cm;\" valign=\"top\" width=\"113\">\n<div><span style=\"font-family: 'arial' , 'sans-serif'; font-size: 12.0pt;\">\u00a3259,298<\/span><\/div>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 90.45pt;\" valign=\"top\" width=\"121\">\n<div><span style=\"font-family: 'arial' , 'sans-serif'; font-size: 12.0pt;\">Payments<\/span><\/div>\n<\/td>\n<td style=\"border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 3.0cm;\" valign=\"top\" width=\"113\">\n<div><span style=\"font-family: 'arial' , 'sans-serif'; font-size: 12.0pt;\">\u00a3262,698<\/span><\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<div><\/div>\n<div><span style=\"font-family: 'arial' , 'sans-serif'; font-size: 12.0pt;\">Assuming there were no year-end adjustments, what will be the opening balance in the cash book as at 1 July 20X1? \u00a3\u00ad\u00ad\u00ad\u00ad\u00ad\u00ad\u00ad\u00ad\u00ad\u00ad\u00ad\u00ad\u00ad\u00ad\u00ad\u00ad\u00ad\u00ad\u00ad\u00ad\u00ad_________ debit \/ credit<\/span><\/div>\n<div><\/div>\n<div><span style=\"font-family: 'arial' , 'sans-serif'; font-size: 12.0pt;\">I\u2019m sure you would have got this correct and known that it will be\u00a0<\/span><i><u><span style=\"font-family: 'arial' , 'sans-serif'; font-size: 12.0pt;\">\u00a31,110 c<a href=\"https:\/\/www.blogger.com\/null\" name=\"_GoBack\"><\/a>redit<\/span><\/u><\/i><i><span style=\"font-family: 'arial' , 'sans-serif'; font-size: 12.0pt;\"> since the cash book balance will now be overdrawn, so it will have a credit balance.<\/span><\/i><\/div>\n<div><i><span style=\"font-family: 'arial' , 'sans-serif'; font-size: 12.0pt;\">\u00a0<\/span><\/i><\/div>\n<div style=\"background-color: white; font-family: 'Trebuchet MS', Trebuchet, Verdana, sans-serif; font-size: 13.1999998092651px; line-height: 18.4799995422363px;\"><span style=\"font-family: 'arial' , sans-serif;\">Yours Sincerely,<\/span><\/div>\n<div style=\"background-color: white; font-family: 'Trebuchet MS', Trebuchet, Verdana, sans-serif; font-size: 13.1999998092651px; line-height: 18.4799995422363px;\"><span style=\"font-family: 'arial' , sans-serif;\">The Friendly Team<\/span><br \/>\n<span style=\"font-family: 'arial' , sans-serif;\"><br \/>\n<\/span><span style=\"font-family: 'arial' , sans-serif;\">The Training Place of Excellence Limited<\/span><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Lets see how you get on with this simple scenario: \u00b7\u00a0\u00a0Where there is an opening debit bank balance of \u00a32,290 and the totals recorded in the cash book for the year ended 30 June 20X1 were: Receipts \u00a3259,298 Payments \u00a3262,698 Assuming there were no year-end adjustments, what will be the opening balance in the cash &#8230; <a class=\"read-more\" href=\"https:\/\/www.thetrainingplace.org\/blog\/2016\/09\/do-you-understand-the-movement-of-money-in-the-cash-book-2\/\">Read More<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-146","post","type-post","status-publish","format-standard","hentry","category-uncategorised"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>DO YOU UNDERSTAND THE MOVEMENT OF MONEY IN THE CASH BOOK ? - The Training Place Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.thetrainingplace.org\/blog\/2016\/09\/do-you-understand-the-movement-of-money-in-the-cash-book-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"DO YOU UNDERSTAND THE MOVEMENT OF MONEY IN THE CASH BOOK ? - The Training Place Blog\" \/>\n<meta property=\"og:description\" content=\"Lets see how you get on with this simple scenario: \u00b7\u00a0\u00a0Where there is an opening debit bank balance of \u00a32,290 and the totals recorded in the cash book for the year ended 30 June 20X1 were: Receipts \u00a3259,298 Payments \u00a3262,698 Assuming there were no year-end adjustments, what will be the opening balance in the cash ... 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