Journals, Ledgers, and Cash Books

£2,194 and £5,435 £3,241

£6,316 and £8,771 £2,455

£6,413 and £9,885 £3,472

£6,754 £4,560 and £11,324

Cash at bank

Bank understatement

Bank overdraft

Balance overstatement

Debit and Credit = Rent and Bank

Debit and Credit = Rent and Tenant

Debit and Credit = Tenant and Rent

Debit and Credit = Bank and Rent

General journal

Real accounts

Ledger account

Cash account

The folio column represents the third column of the cashbook

The bank column can have either a debit or a credit balance

It is allowable for the cash column to have credit balance at the end of the period

The discounts column totals should be the same to enable balancing off

Assets = Liabilities – Owner’s Equity / Capital

Assets = Liabilities + Owner’s Equity / Capital

Assets – Liabilities = Owner’s Equity / Capital

Assets – Owner’s Equity / Capital = Liabilities

£26,200

£23750

£26,900

£24,450

General journal

Cash journal

Purchase journal

Purchase return journal

Building account

Cash account

Purchase account

Creditors account

General ledger

Sales day book

Sales ledger

The journal