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Week 3 - Lesson 2 - Cashbook

IGCSE - Edexcel

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taj qaiser
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69 views

Week 3 - Lesson 2 - Cashbook

IGCSE - Edexcel

Uploaded by

taj qaiser
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
You are on page 1/ 18

Start Task - Match Key Vocabulary

1. Sales Day Book. a. Used for purchases


2. Purchases Day Book. b. Used for credit revenue
3. Sales Returns Day Book. c. Used for goods returned ot the
supplier
4. Purchase Returns Day Book. d. Used for sales returns from
customers
5. Cash Bok. e. Used for other items.
6. Petty Cash Book. f. Used for recording small items of
expenditure
7. Journal. g. Used for receipts and payments of

cash @ASPSDubai
5 TO BEGIN
1 Driving Question: Describe the Common Features Shown by eukaryotic Organisms.

2 Last Term: Last Week:

3 N/A Different version of accounting


equation

4 Last Lesson/current learning:


Classification of transactions in
Science/GL:

5
cash book
Cash Book
Topic: Cash book
Curriculum Reference: The Accounting Environment, he Accounting Equation and Double Entry
System, income statement

Learning Objective: to classify accounting


transactions in cash book
Success Criteria:
I can Identify sections of cashbook
I can List types of discounts
Calculate balance of debit and credit side

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Teach and Model
Type of Discounts
• CASH DISCOUNTS- term 'cash discount' refers to the allowance given for quick
payment. It is still called a cash discount even if the account is paid by cheque or by
direct transfer into the bank account.
• DISCOUNTS RECEIVED - Businesses prefer customers to pay their accounts quickly
as it helps cash flow. A business may accept a smaller sum in full settlement if
payment is made within a certain period of time. The reduction in the sum to be paid is
known as a cash discount
• The rate of cash discount is usually stated as a percentage.
• Full details of the percentage allowed will be quoted on a revenue documents
produced by the selling company. The revenue documents will state
 the period within which payment is t0 be made.
 Atypical period during which a discount may be allowed is one month from the date of
the original transaction.

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Types of cash discount
• discountsallowed. Cash discounts allowed by a
business to its customers when they pay their accounts
quickly

• discounts received. Cash discounts received by a


business from its suppliers when they pay their accounts
quickly..

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Sections of cash book

1. receipts (debit)
2. payments (credit).
3. All cash book receipts are entered date-wise on
the left side
4. while all the payments are recorded on the cash
book's credit side.
5. At the end of the accounting period, the difference
between the debit and credit sides is computed.

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Mid Plenary Peeling Method

Success Criteria:
●I can calculate discount
Example 1:
C Chan owes us $100. On 2 September 2017, he
pays by cash within the time limit and the business
allows him 5% cash discount.

@ASPSDubai
Main Task/Differentiated Task: (HA/MA &LA)
Learning
Skill-Collaboration/Communication
Complete the work sheet by collaborating with
your group.
Success Criteria:
● I can identify the rules of entering transactions in cash book.
● I can explain how distillation works.
Group One

Lee maintains a three-column cash book. On 1 August


2020 the balances were: bank overdraft $248, cash $45
The following transactions took place in August 2020.
Group Two
Group Three
Group Four

Enter the above transactions in the three-column cash book on page 11. Balance the cash book at 31 August 2020 and bring the
balances down on 1 September 2020
Additional practice – Past paper
question 15

• https://cdn.savemyexams.com/uploads/2023/12/4AC1_01R_que_20201107.pdf

@ASPSDubai

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