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How to prepare triple column cash book with these information? Date 27 $5000 Commission received Date 30 Drew cash $2000 for personal use Where should
How to prepare triple column cash book with these information?
Date 27 $5000 Commission received
Date 30 Drew cash $2000 for personal use
- Where should i record first transaction when I don't have information for how commission is received by cash, check, bank, etc? If it's received by cheque but not deposited into bank, where do i record it on cash column (receipt side) or bank column? Or is there any possibility it won't be recorded on cash book? My assumption was to record transaction on cash column (receipt side) as commission a/c.
- Can i record second transaction on cash column (payment side)? What's the difference between personal use and office use in drawings? And how is it recorded differently?
Thank you
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