If there is no sales ledger account number, then the receipt will relate to a cash customer. The easiest way to do this is to check and see whether the customer has a sales ledger account (account number column) – if they have, then these customers are credit customers. buy now, pay later customers) and those that relate to cash customers (i.e. ![]() When you first start writing up the cash receipts book, the first thing to do is identify which receipts relate to credit customers (i.e. where we record all money (receipts) paid into our business bank account. So, how do we post the Cash Book? We will look at the Cash Receipts Book i.e. cash sales are not recorded in the Sales Day Book and likewise, cash purchases are not recorded in the Purchases Day Book – these are recorded in the Cash Receipts and Cash Payments Book. Posting the Sales & Purchases Day Books is reasonably plain sailing, so long as you remember that we are only dealing with sales invoices we’ve sent to credit customers and purchase invoices that we’ve received from credit suppliersi.e. ‘Posting the Cash Receipts Book’ to the General and Subsidiary Ledgers (Sales and Purchases Ledgers), is something that can take a little while to get to grips with. PLEASE NOTE: If you are interested in learning how to post and balance off the AATs 3-COLUMN CASH BOOK (a key task in the current AQ2016 syllabus exams), please click HERE. ![]() ![]() Here’s how to post the Cash Receipts Book:
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