Page 361 - F3 -FA Integrated Workbook STUDENT 2018-19

Answers

Example 3

Required:

Using Mylee’s cash ledger account from Example 1, strike a balance on
the account and bring down that balance

Solution

Debit (Dr) Cash account Credit (Cr)

Date Details $ Date Details $
Capital (1) 20,000 Rent (2) 1,200

Sales revenue (4) 500 Purchases (3) 2,000

––––– –––––

Sub-total 20,500 Sub-total 3,200
Balance c/d (β figure) 17,300

––––– –––––

20,500 20,500
––––– –––––

Balance b/d 17,300

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