Statement of Receipts and Payments Calculating how much money is in the Bank at the end of the month.

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Presentation transcript:

Statement of Receipts and Payments Calculating how much money is in the Bank at the end of the month

Statement of Receipts & Payments Starts with the money in the Bank at the beginning of the month Lists all Receipts (money coming in from customers) from the Cash Receipts Journal And all Payments (money being paid out) from the Cash Payments Journal Calculates the money at the end of the month

DateDetails Rec No FeesSundriesGSTBank Feb 1 Fees Fees Fees Fees Fees Fees Fees Fees Fees Fees Total Cash Receipts Journal

Statement of Receipts & Payments Bank at beginning 100 Add Receipts Fees 2260 GST Collected Less Payments Rent 500 Stock 500 Electricity 400 Petrol 50 Drawing 500 GST Paid Bank at end 491

DateDetails Chq No RentSundriesGSTBank Feb 1 Rent Stock Rent Electricity Rent Rent Petrol Rent Drawings Stock Total Cash Payments Journal

Statement of Receipts & Payments Exercises Go to the wiki Prepare a Statement of Receipts & Payments for each of the businesses.