Cash account example sentences

Each expense account is individually debited with the periodic total as per the respective column by writing “petty cash account” and the petty cash account is credited with the total expenditure incurred during the period by writing sundries as per petty cash book.The cash book also serves the purpose of both the cash account and the bank account and shows the balance of both at the end of the period.These entries represent debit or credit of cash account against the bank account or viceversa.Therefore, record the transactions with debit to Bank account and credit to Cash account.Now, in cash account on the debit side in the particulars column 'Furniture' will be entered signifying that cash is received from the sale of furniture.It may be noted that the aggregate amount finally payable to the partners must equal to the amount available in bank and cash accounts.