100Acc Cash Budget classifications

Owner invested $20,000 of his own savings into

his new business.

• Cash Receipt

• Cash Payment

• Non-cash

Owner borrowed $10,000 from the bank on a long term loan.

• Cash Receipt

• Cash Payment

• Non-cash

Firm bought a car for $20,000. Deposit = $8,500 cash. The rest was on credit. (HINT 2 ticks needed)

• Cash Receipts

• Cash Payment

• Non-cash

Paid initial vehicle expenses (car license, taxi license, etc). Cost = $400.

• Cash Receipt

• Cash Payment

• Non-cash

Paid for advertising, $400.

• Cash Receipt

• Cash Payment

• Non-cash

Banked service fees received for the week of $500.

• Cash Receipt

• Cash Payment

• Non-cash

Received invoice from service station for petrol, $130.

• Cash Receipt

• Cash Payment

• Non-cash

Completed work for a customer. Invoiced him $80.

• Cash Receipt

• Cash Payment

• Non-cash

Owner withdrew $200 for living costs.

• Cash Receipt

• Cash Payment

• Non-cash

Banked service fees received for the week of $650.

• Cash Receipt

• Cash Payment

• Non-cash