EM2963 - Examining Accounts: Cash Flow Tests
鈥楳inus Cash鈥� - Week 2
Cash transactions are isolated as follows
Week 2
| 听 | 听 | 听 | 听 |
|---|---|---|---|
| 听 | 拢 | 拢 | 拢 |
| Cash brought forward, as recorded | 200 | 听 | 听 |
| Takings as recorded | 听 | 听 | 听 |
| Monday | 181 | 听 | 听 |
| Tuesday | 202 | 听 | 听 |
| Wednesday | 78 | 听 | 听 |
| Thursday | 183 | 听 | 听 |
| Friday | 261 | 听 | 听 |
| Saturday | 364 | 1269 | 听 |
| Cash available (brought forward and recorded) | 听 | 1469 | 听 |
| 听 | 听 | 听 | 听 |
| Cash payments as recorded | 听 | 听 | 听 |
| Monday: Sundries | 7 | 听 | 听 |
| Tuesday: Windows | 15 | 听 | 听 |
| Wednesday: Post office | 6 | 听 | 听 |
| Thursday: | 听 | 听 | 听 |
| Friday: Casual wages | 140 | 听 | 听 |
| Saturday: Own drawings | 180 | 听 | 听 |
| Total Cash Payments | (348) | 听 | 听 |
| 听 | 听 | 听 | 听 |
| Bankings: | 听 | 听 | 听 |
| Wednesday: | 400 | 听 | 听 |
| Friday: | 400 | 听 | 听 |
| 听 | (800) | 听 | 听 |
| 听 | 听 | 听 | 听 |
| Cash carried forward | (200) | 听 | 听 |
| Cash used (spent, banked and carried forward) | 听 | 1348 | 听 |
| Surplus (available - less used) | 听 | 121 | 听 |
The net difference over the two weeks is only 拢20, but the 鈥榚xcess鈥� in Week 2 cannot be carried back to cover the deficiency in Week 1, because this money 鈥榖ecame available鈥� later.