Amount column example sentences
On the receipt (debit) side, there is only one amount column.The petty cash book generally has a number of columns for the amount on the payment side (credit) besides the first other amount column.The total amount column l shows the total amount spent and to be reimbursed.When the number of bank transactions is large; it is convenient to have a separate amount column for bank transactions in the cash book itself instead of recording them in the journal.At the end of the period, all amount columns are totaled.The Debit amount column records the amount against the account to be debited and similarly the Credit Amount column records the amount against the account to be credited.Periodically, at the end of each month the amount column is total led and posted to the credit of sales account in the ledger.When all receipts and payments are made in cash by a business organisation only, the cash book contains only one amount column on each (debit and credit) side.Each of the amount columns is allotted for items of specific payments, which are most common.The last amount column is designated as 'Miscellaneous' followed by a 'Remarks' column.This column records the amount in numerical figureure, corresponding to what has been entered in the amount column of the original book of entry.Hence, at the end of each page of the journal book, the amount columns are totaled and carried forward (c/f) to the next page where such amounts are recorded as brought forward (b/f) balances.Enter the relevant amount in the amount column on the debit side.
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