Cash Receipts Journal (Grade 10 NSC Matric Accounting): Flashcards

Subsidiary book recording all money received in a period

Bank column - shows actual cash received and banked

Selling price of trading stock sold for cash

Non-cash entry: cost price of stock sold for cash

Reductions to debtors for early payment (non-cash item)

For receipts not fitting standard columns

$\text{CP} + \text{P} = \text{SP}$

Amount you're looking for goes on top (numerator)

$\text{Bank} + \text{Discount allowed} = \text{Debtors' control}$

Cash Receipts Journal (when money actually received)