The views expressed in this post are my own personal (HRA protected) views, and are not representative of any organisation I have any involvement with.
I'm with Kris, the original post doesn't formulate a proper question.
Also note that the people on here are mostly bookkeepers in practice who help each other and newbies free of charge through this site but we're not on here all of the time even if it says we are (Normally the site is buried on one of my tabs. It may say that I'm online but I may not be monitoring the site if I'm busy).
Also note that end of month tends to be a bit busier than normal so answers may not be posted as wuickly on the site even when we understand what is being asked.
Generally someone will answer messages within 24 hours but in this instance as Kris touches on your original post doesn't really form a proper question and needs some more input in order to formulate what the actual question was.
You only waited 14 minutes before issuing the follow up message which is too soon.
As an aside point using capitals is the online chat equivalent of shouting / getting annoyed which will get you absolutely no answers to your questions at all.
Would you like to introduce yourself to the people on here? What's your background? which body are you studying with? what are your aspirations?
__________________
Shaun
Responses are not meant as a substitute for professional advice. Answers are intended as outline only the advice of a qualified professional with access to all relevant information should be sought before acting on any response given.
I'm with Kris, the original post doesn't formulate a proper question.
Also note that the people on here are mostly bookkeepers in practice who help each other and newbies free of charge through this site but we're not on here all of the time even if it says we are (Normally the site is buried on one of my tabs. It may say that I'm online but I may not be monitoring the site if I'm busy).
Also note that end of month tends to be a bit busier than normal so answers may not be posted as wuickly on the site even when we understand what is being asked.
Generally someone will answer messages within 24 hours but in this instance as Kris touches on your original post doesn't really form a proper question and needs some more input in order to formulate what the actual question was.
You only waited 14 minutes before issuing the follow up message which is too soon.
As an aside point using capitals is the online chat equivalent of shouting / getting annoyed which will get you absolutely no answers to your questions at all.
Would you like to introduce yourself to the people on here? What's your background? which body are you studying with? what are your aspirations?
Hey dude sorry for being vague .. im just stressed and annoyed...
Im basically studying bookkeeping and accounts level one at my local school and would like to become a accounts assistant once im qualified..and im studying with city and guilds..
Annie Loh's cash book
DATE
DETAILS
CASH
BANK
DATE
DETAILLS
CASH
BANK
01 NOV
CAPITAL
7800
WAGES
390
02 NOV
SALES
400
PURCHASES
2900
03 NOV
SALES
600
PURCHASES
1000
04 NOV
BANK
2600
CASH
2600
05 - NOV
SALES
100
WAGES
2500
the accounts that i've got on the exam paper are:
- Capital account , sales account , wages account and the purchases account
and im a business graduate..
-- Edited by zeeshan on Friday 25th of June 2010 07:54:05 PM
-- Edited by zeeshan on Friday 25th of June 2010 07:58:39 PM
-- Edited by zeeshan on Friday 25th of June 2010 09:04:33 PM
as it's an exam I'll be careful to give direction but not the answer.
It sounds as though you may be over complicating the answer in your mind.
Not having the actual question to hand I'm assuming that they either want the above turned into T accounts or a trial balance... Or both.
Take a step back and think about the question in simpler terms than your used to thinking in.
Think especially about what it is! The question states cashbook and the clues in the name.
Look for tricks in the question such as when the actual period end is.
I'm worried that if I give a more straightforward answer than this I would end up giving the actual answer.
Good luck with the exam.
Shaun.
__________________
Shaun
Responses are not meant as a substitute for professional advice. Answers are intended as outline only the advice of a qualified professional with access to all relevant information should be sought before acting on any response given.
Try writing up T accounts for each account with debit side and credit side. as each one has to have an opposite so Capital would be a credit and bank will be a debit. That how I do it when I get stuck go back to basics.
as it's an exam I'll be careful to give direction but not the answer.
It sounds as though you may be over complicating the answer in your mind.
Not having the actual question to hand I'm assuming that they either want the above turned into T accounts or a trial balance... Or both.
Take a step back and think about the question in simpler terms than your used to thinking in.
Think especially about what it is! The question states cashbook and the clues in the name.
Look for tricks in the question such as when the actual period end is.
I'm worried that if I give a more straightforward answer than this I would end up giving the actual answer.
Good luck with the exam.
Shaun.
Dude its a practise exam paper that i got from my tutor..
If you give the answer but tell me where to put purchases for the second entry apart from putting it in the purchases ledger..
im just confused as where to put the second entry for wages , sales , purchases etc.. as i only have a choice to put it in the capital , purchases , sales and wages account..where do i put the second entry...thats all i want to know its a practise exam paper..not a actual exam..my exam is on the following saturday..
Try writing up T accounts for each account with debit side and credit side. as each one has to have an opposite so Capital would be a credit and bank will be a debit. That how I do it when I get stuck go back to basics.
i can't because in the exam paper i got only four ledger accounts capital , wages , sales and purchases..
I would suggest that you probably need to bring another 2 accounts into play. I won't say which ones, but if you look at your cash book you should see what you need.
Just remember "For every debit there must be a credit"
The views expressed in this post are my own personal (HRA protected) views, and are not representative of any organisation I have any involvement with.
