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

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Presentation on theme: "Statement of Receipts and Payments Calculating how much money is in the Bank at the end of the month."— Presentation transcript:

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

2 All reports begin the same Name of the business Name of the report Date of the report

3 Brock Henderson Electrician Statement of Receipts & Payments For the month ending 31 st January 2012

4 Statement of Receipts & Payments Starts with the money in the Bank at the beginning of the month

5 Brock Henderson Electrician Statement of Receipts & Payments For the month ending 31 st January 2012 Bank at beginning 100

6 Statement of Receipts & Payments Lists all Receipts (money coming in from customers) from the Cash Receipts Journal

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

8 Brock Henderson Electrician Statement of Receipts & Payments For the month ending 31 st January 2012 Bank at beginning 100 Add Receipts Fees 2260 GST Collected

9 Statement of Receipts & Payments Add the Total Receipts to the Bank at beginning

10 Brock Henderson Electrician Statement of Receipts & Payments For the month ending 31 st January 2012 Bank at beginning 100 Add Receipts Fees 2260 GST Collected

11 Statement of Receipts & Payments Lists all Payments (money being paid out) from the Cash Payments Journal

12 Brock Henderson Electrician Statement of Receipts & Payments For the month ending 31 st January 2012 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

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

14 Statement of Receipts & Payments Sub total less Total Payments = Bank at end

15 Brock Henderson Electrician Statement of Receipts & Payments For the month ending 31 st January 2012 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

16 Statement of Receipts & Payments Exercises Go to the wiki Copy SofR&P Ex into your Journals & SofR&P file in your Commerce file in your Home Directory  Prepare a Statement of Receipts & Payments for each of the businesses.


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