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Post Info TOPIC: cashbook- cash or bank column


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cashbook- cash or bank column
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Hi guys. I would like to ask you for help.

I am reading about cashbook at the moment in my aat books. In case of some transaction book says that entry should be made on cash or bank column.

1. In case of what transactions entries can be made only on cash column?

2. In case of what transactions entries can be made only on bank column?

3. In case of what transactions entries can be made on cash or bank column?

 



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Master Book-keeper

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Hi are you sorted with the answer to this one as well now Rafal?

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 Joanne 

Winner of Bookkeeper of the Year 2015, 2016 & 2017 

Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.

You should check out answers with reference to the legal position



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unfortunately no

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Master Book-keeper

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Hi
Per the other thread that you have going, I really think you should give some consideration to buying one or two of the books that Shaun recommends, which can be picked up for next to nothing via Amazon. Getting these books will enable you to get a much greater understanding of the subject matter so that they answer questions such as they one you have here.

Essentially any items paid in physical cash are entered in the cash column, with any paid to suppliers/ received by clients by cheque in the bank column.

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 Joanne 

Winner of Bookkeeper of the Year 2015, 2016 & 2017 

Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.

You should check out answers with reference to the legal position



Master Book-keeper

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Sorry, I was interrupted and meant to add.....I would give very serious consideration to doing this level via a training provider via either their online option or better still perhaps, their live online option where you work from home but can interact with the tutors and ask questions as you go.

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 Joanne 

Winner of Bookkeeper of the Year 2015, 2016 & 2017 

Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.

You should check out answers with reference to the legal position



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thanks Cheshire for explanation. I have osbourne books 'bookkeeping' part 1 and 2 plus I bought few days ago bpp ' Control accounts, journals and the banking system. I also bought today first three books Shaun recommended in different thread. I am buying next three tomorrow.  Despite the fact that I have access to good books like the ones i mentioned earlier, I sometimes have troubles to figure out stuff on my own cause I study on my own. Probably the best idea for me is to go to college and study in classroom environment. This option is more expensive unfortunately when compared to studying on your own.



-- Edited by rafapak on Sunday 27th of December 2015 09:32:16 PM

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Cheshire wrote:

Sorry, I was interrupted and meant to add.....I would give very serious consideration to doing this level via a training provider via either their online option or better still perhaps, their live online option where you work from home but can interact with the tutors and ask questions as you go.


 thanks for info. Do you know by any chance which training provider gives student the oportunity to interact with tutors and ask questions? If I decide to go with basics with training provider I would like to choose the one that gives student the chance to interact with the tutors and ask questions.



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Master Book-keeper

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Hi Rafal
Have a look at First Intuition or Kaplan. Certainly would be good to start with either one of these and maybe move to more self study when you have more confidence.

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 Joanne 

Winner of Bookkeeper of the Year 2015, 2016 & 2017 

Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.

You should check out answers with reference to the legal position



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thanks

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Master Book-keeper

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Hi Rafal
Just an addition about the training providers - might be worth looking at whether you can get a loan to cover the costs - much like University Student type loans, only nowhere near as much, but can certainly help with the cost of the course.

__________________

 Joanne 

Winner of Bookkeeper of the Year 2015, 2016 & 2017 

Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.

You should check out answers with reference to the legal position

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