6.1 Cash movements exercise

Tracking cash movements and forecasting future cash requirements are important jobs in accounting and business.

During the Classic Transactions activity, using the BaSIS Board and the transaction tickets, you had a number of transactions that impacted upon the cash account (bank account). The tickets have a front side and a rear side as follows:

Front side

Rear side

For this activity you will need to have written in the posting details onto the front and back of each ticket that impacted the cash account. On the front side, you will write the destination account for each ticket. On the ticket's rear side, you will write the other account affected in that transaction, as follows:

So, looking at the green ticket for Transaction 1 above: the debit entry was posted to the cash account (front side information) and it came about because of a loan (rear side information).