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• # 102208
• Sat 18 Oct 2014 11:27 AM

Hi all, 

Ive just made a start on q2 of assignment 4 studying with ideal schools.

It requires a summary of battles bank account, does this mean setting his books out as q1 income and expenditure, receipts and payments???? 

Can anyone steer me in the right direction please 

Nat

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• # 102209
• Sat 18 Oct 2014 01:59 PM

Hi Nat,

what it asks you to do is a summary of the bank account as it would appear is a normal set of accounts - opening balance less monies paid plus monies received etc using the information given.

Hope this helps

mandy

• Mandy
  
  Amanda Campbell Bookkeeping Services
  www.acbookkeepingsvcs.co.uk 

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• # 102210
• Sat 18 Oct 2014 02:20 PM

Hi Mandy, Thanks for your feedback, Can you be a little more detailed in what a summary would be written up as 

Kind regards 

Nat

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• # 102212
• Sat 18 Oct 2014 04:13 PM

Hi Nat, 

Sorry, the summary needs to be done in a "T" account format using the payment and receipt information given so you can calculate the closing bank balance for the balance sheet.

Feel free to email me at amanda.campbell75@sky.com if you get stuck. 

Mandy

• Mandy
  
  Amanda Campbell Bookkeeping Services
  www.acbookkeepingsvcs.co.uk 

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