Theory question 106
Public Sector Accounting6. On 30th June, 1995, the cash Book balance of Etefia sub-treasury was as follows:
Cash N301,275; Bank N700,000
On 1st July, 1995, the following transactions were carried out in the sub-treasury:
TRV 1001 N5,000 cash from Maigoloma
TRV 1002 N17,500 cheque from Mrs. Wayas
TRV 1003 N1,550 cash from Mr. Ikemesit
TRV 1004 N1,130 cash from Mr. Attah
TPV 2001 N150,000 cheque to Mr. Rabi
TPV 2002 N61,430 cheque to Mr. Yekini
TPV 2003 N7,550 cheque to Mr. Akpan
TRV 1005 N7,550 cheque from Alhaji Rafindadi
TRV 1006 N12,500 cheque from Mr. Ishaya
TPV 2004 N5,000 cash to Mr. Ajeni
TPV 2005 N3,525 cash to Mrs. Adisa
TPV 2006 N95,015 cheque to Mr. Olori
TPV 2007 N78,075 cheque to Mr. Oluwi
TRV 1007 N2,205 cash to Mrs. Rakiya
TRV 1008 N3,505 cheque to Mr. Hamza
TRV 1009 N100,000 cheque Remittance
TPV 2008 N12,000 cash to Mr. David
TPV 2009 N62,000 cheque to Mr. Zyad
You are required to post the transactions into the main Cash Book, showing the new cash and bank balances.
Show the model answer
TRV = treasury receipt voucher (debit side); TPV = treasury payment voucher (credit side).
Main cash book (cash and bank columns)
Dr cash: balance b/f 301,275; TRV 1001 5,000; 1003 1,550; 1004 1,130; 1007 2,205 = 311,160.
Dr bank: balance b/f 700,000; TRV 1002 17,500; 1005 7,550; 1006 12,500; 1008 3,505; 1009 100,000 = 841,055.
Cr cash: TPV 2004 5,000; 2005 3,525; 2008 12,000 = 20,525; balance c/d 290,635.
Cr bank: TPV 2001 150,000; 2002 61,430; 2003 7,550; 2006 95,015; 2007 78,075; 2009 62,000 = 454,070; balance c/d 386,985.
New balances: cash 290,635; bank 386,985.
Post receipt vouchers to the debit side and payment vouchers to the credit side, using the cash column for cash and the bank column for cheques.