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October 20, 2025, 07:02:31 pm
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Author Topic: total cash received...  (Read 1555 times)  Share 

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jake

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total cash received...
« on: June 08, 2010, 07:32:47 pm »
when it asked for the total cash receive in question 2.3.1 was all that was required was to find the bank total in the cash receips journal? because i believe total cash received is not the same as net cash receieved. just a little unsure...
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mojomojo

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Re: total cash received...
« Reply #1 on: June 08, 2010, 07:35:03 pm »
the 1 that adds all the stuff in CRJ and take away discount n cost of sales? then Yes.
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jake

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Re: total cash received...
« Reply #2 on: June 08, 2010, 07:37:38 pm »
Quote from: mojomojo on June 08, 2010, 07:35:03 pm
the 1 that adds all the stuff in CRJ and take away discount n cost of sales? then Yes.


yeah so the total would have been something like 1,061,000 total cash received?
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LFTM

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Re: total cash received...
« Reply #3 on: June 08, 2010, 07:38:14 pm »
Quote from: jake on June 08, 2010, 07:37:38 pm
Quote from: mojomojo on June 08, 2010, 07:35:03 pm
the 1 that adds all the stuff in CRJ and take away discount n cost of sales? then Yes.


yeah so the total would have been something like 1,061,000 total cash received?
yeah i got a figure that looked like that.
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Chavi

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Re: total cash received...
« Reply #4 on: June 08, 2010, 07:39:51 pm »
add everything less disc exp - don't incl COS
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jake

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Re: total cash received...
« Reply #5 on: June 08, 2010, 07:42:17 pm »
um... also for 1.1 the CA's are bank 21500 and gst clearing 3500 and stock control 35000 NCA delivery van 20000
CL accrued rent 2000 and loan 10000 NCL loan 40000.... hav i missed anything?
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Yitzi_K

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Re: total cash received...
« Reply #6 on: June 08, 2010, 07:42:50 pm »
Quote from: jake on June 08, 2010, 07:37:38 pm
Quote from: mojomojo on June 08, 2010, 07:35:03 pm
the 1 that adds all the stuff in CRJ and take away discount n cost of sales? then Yes.


yeah so the total would have been something like 1,061,000 total cash received?

yep thats exactly what i got
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mojomojo

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Re: total cash received...
« Reply #7 on: June 08, 2010, 07:44:54 pm »
Quote from: jake on June 08, 2010, 07:42:17 pm
um... also for 1.1 the CA's are bank 21500 and gst clearing 3500 and stock control 35000 NCA delivery van 20000
CL accrued rent 2000 and loan 10000 NCL loan 40000.... hav i missed anything?

isn't the cash contribution 20000? sry dont have my question booklet with me.
anyway, my friend said that the GST from accrued rent should be included :/
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jake

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Re: total cash received...
« Reply #8 on: June 08, 2010, 07:48:21 pm »
Quote from: mojomojo on June 08, 2010, 07:44:54 pm
Quote from: jake on June 08, 2010, 07:42:17 pm
um... also for 1.1 the CA's are bank 21500 and gst clearing 3500 and stock control 35000 NCA delivery van 20000
CL accrued rent 2000 and loan 10000 NCL loan 40000.... hav i missed anything?

the csh contrib was 10000 plus the 50000 loan equals 60000 of which 38500 was used to pay for 35000 stock and 3500 gst. so bank should be 60000-38500 = 21500 the 20000 contribution was the agreed value of the delivery van. also i dont think gst should be included from accrued rent because it would be counted twice when the cash payment in february occurred for 4400 as 400 would go into the gst column

isn't the cash contribution 20000? sry dont have my question booklet with me.
anyway, my friend said that the GST from accrued rent should be included :/
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