Cheat sheet · Class 11 · CBSE · Commerce Accountancy
Recording of Transactions – II cheat sheet
The whole chapter on one page: key formulas, facts and the points to remember, for quick revision before a test.
CBSE Class 11 · Accountancy
Cheat sheet
Chapter 4Recording of Transactions – II
Special journals split the work: cash, purchases, sales, returns, and journal proper.
1. Cash Book
| Type | Columns |
|---|---|
| Simple | cash only |
| Two-column | cash and bank |
| Petty cash book | small expenses (imprest system) |
Contra entry: both sides of a transaction in the cash book (cash deposited into bank) — marked ‘C’.
2. Other Special Journals
| Book | Records |
|---|---|
| Purchases book | credit purchases of goods |
| Sales book | credit sales of goods |
| Purchases return book | goods returned to suppliers (debit notes) |
| Sales return book | goods returned by customers (credit notes) |
| Journal proper | everything else (opening, closing, rectification) |
3. Rules
- Cash book is both a journal and a ledger.
- Cash balance can't be credit (negative).
- Bank column can show overdraft (credit balance).
4. Key Points
- Assets bought on credit go to journal proper.
- Trade discount deducted in the invoice.
- Dishonoured cheque: reverse the entry.
- Petty cashier gets a fixed float.
Remember: Cash book types | contra entry | 5 special journals
Recording of Transactions – II: questions and notes
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