1. CHAPTER 5 HOUSEHOLD ACCOUNTS: THE ANALYSED CASH BOOK 21/05/2019
This is the Title Slide
R. DELANEY

2. The Analysed Cash Book An account is a record of transactions.
The cash book is used to record all money received and all money paid out.
The debit side of the cash book is used to record money received.
The credit side of the cash book is used to record money paid out.
R. Delaney

3. The Analysed Cash Book
Opening cash is the amount of cash a person or family has at the start of a period.
Closing cash is the amount of cash a person or family has at the end of a period. This is the total of the debit side cash column less the total of the credit side cash column.
Contra entries are transactions that require a debit and a credit entry in the same account for any one transaction.
R. Delaney

4. Example: Q11: Page 41 Debit Side Credit Side Cash Wages F Cash Car € €
Date
Details F
Cash
Wages
Date
Details F
Cash
Heating
Car
Groceries
2010 € €
2010 € € € €
01-Mar
Wages
800
800
04-Mar
Petrol 40 40
08-Mar
Wages
800
800
06-Mar
Groceries
120
120
05-Mar
Heating oil
600
600
09-Mar
Groceries
100
100
Balance = the total of the debit side cash column less the total of the credit side cash column, i.e. €1,600 less €965 = €635
12-Mar
Petrol 35 35
13-Mar
Bottled gas 70 70
31-Mar
Balance c/d
635
1,600
1,600
1,600
670 75
220
01-Apr
Bal b/d
670
R. Delaney