The cash book is a chronological record of the receipts and payments transactions for a business. What is the difference between cash book and cash flow. Prepare an income and expenditure account incorporating adjustment prepare a balance sheet. Download the junior cert business studies chief examiners report 2012 download the junior cert business studies guidlines for teachers. Start studying junior cert business studies insurance terms. Junior certificate business studies guidelines for teachers. Review of junior cycle business studies for consultation. A cash book is a financial journal that contains all cash receipts and. An understanding of the purpose and function of money underpins the study of how our economic system works.
Prepare and analysed receipts and payments account. A analysed cash book this question was exceptionally well answered. A cash book serves the purpose of both the journal and ledger, whereas. The main errors were the omission of the cheque number column and the opening balance figure. Working with analysed cash book working out balance uk. Economic activities junior cert geography primary economic activities farming fishing forestry mining primary economic activities deal directly with nature. Click below to purchase the full set of 56 junior cert business studies mind maps. The cash book is updated from original accounting source documents, and is therefore a book of prime entry and as such, can be classified as a special journal unlike other special journals such as the purchases journal or the sales journal, the cash ledger book records debit and credit entries. The difference is that the cash flow forecast is a predictionestimate of receipts and payments that you think you will make, future and the analysed cash book is a record of the receipts and payments. Welcome to business studies in the junior certificate this page will list revision notes for each chapter on the junior certificate business studies course.
How to master analyzing the cash flow statement old. This chapter builds on the knowledge gained in the previous chapter. In this third module of this financial analyst course, you will analyze the cash flow statement to better understand the inflows and outflows of cash throughout the year. Practicing past exam questions is really important, especially in the bookkeeping questions. Understanding how to maintain a cash book is covered in more depth on our accounting courses, including aat. Notes for the business studies course for the junior cert. Thinking that ff the accountant is able to do the accounts without balances in the cashbook as an issue. The model must be well assembled, realistic with a high quality of finish suitable for presentation.
Additionally, using different financial ratios taken from the balance sheet, we will help you assess the solvency and leverage of a. I had always felt that the personal financial lifecycle see time for business chapter 4 and lo 1. Learning outcomes are statements that describe what knowledge, understanding, skills and values students should be able to demonstrate having studied business studies in. These are used to keep a record of all your transactions sample analysed cash book 2011 junior cert question and solution. Financial analyst course learn financial analysis cfi. Monitoring of overheads and analysed cash book b the following table shows the budgeted and actual figures for a businesss overheads for 2003 business overheads 2003. Having studied household budgeting learning outcome 1. It is a complex topic, but close to the standard needed for the junior certificate examination. Business studies junior certificate syllabus retyped july 2006 club accounts the purpose of financial recording and filing the role of club treasurer receipts and payments account income and expenditure accounts treasurers report purpose format on completion students should, from given data, be able to. It introduces opening balances in the accounts and analyses columns in the cash book. Cash book is also balanced and like any ledger account, balance of cash book is carried forward and brought forward periodically. Explain the purpose of an invoice for the seller, sports style ltd. In this section, students will learn all about the importance for a household to manage their income. Analysed cash book sample exam paper questions 2012 and 2010 exam paper question solutions.
The current syllabus for home economics was introduced to the junior cycle curriculum in 1992 and was first examined in the junior certificate 1995. At a later stage the cash book can be converted into a cheque payments book and cash receipts book. East glendalough school junior cert business studies provides a resource for students and teachers of junior certificate business studies. This powerpoint presentation show alternative versions of the way an analysed cash book can appear. This is a standard analysed cash book question for junior cert. Loss leader a product sold at a very low price to attract customers. Products merchantable, as described, conform to sample, fit for purpose services due care, trained, merchantable parts. The different types of cash book may be stated as below a single column cash book 1. Junior cert business studies mind maps junior cert mind maps. The analysed cash book free resources for acca and cima students free acca and cima on line courses free acca, cima, fia notes, lectures, tests and forums.
General ledger gl, debtors ledger dl and creditors ledger cl. Bank draft a cheque issued by the bank travellers cheque receiving a bank cheque in a different currency, which can be used in a country that uses a different currency. Tax credit given each year to individual taxpayers for the purpose of reducing their tax liability. In the books of first entry you should refer to the ledger that the data will be posted on to e. Our currency is the euro cheques a cheque is a written statement that transfers money from one account to another. Draft background paper and brief for jc business studies 1 1. In some cases, the opening balance figure was analysed under others and included in part b with total income. Analysed cash book question packs junior certificate. Business notes higherordinary level junior cert jc. The statement of cash flows details all cash inflow and outflows and boils it down to how much cash the company has generated in a given period.
Download the junior cert business studies syllabus. The type of cash book is dependent upon the type of transactions we want to record in it. The assessment objectives for both levels are set out in. In the ledger you should refer back to the book of first entry that the data came from e. Junior cert business studies insurance terms flashcards. The specification focuses on improving students understanding of the business environment and on developing skills for life.
Cash book for class 11th good for online study by ajay chopra. The cash book must record all monies coming in and going out of the business, and will be reconciled to the bank statement on a regular basis to check that all of the payments and receipts are being recorded accurately. The junior certificate business studies syllabus was introduced in 1989 and examined for the first. Learn vocabulary, terms, and more with flashcards, games, and other study tools. Once your order has been processed i will send you a personalised copy of the mind maps in pdf format for your chosen subjects, usually. Welcome to my blog on junior cert business studies. On completion students should, from given data, be able to. Cash book just shows the cash receipt and cash payment without distinguishing for which purpose cash is paying out while in cash flow statement difference is shown to determine that cash is coming. The model must be eye catching to attract customers into the showroom. Cash book having one column for bank b double column cash book 1. The transactions involving receipt and payment of cashbank are recorded in the cash book. The problem is the client would say whats the point in my spending time on this.
Cash book having two columns, one for cash and another for bank. Past papers organised by topic, marking schemes, topic summary notes, flashcards, templates for bookkeeping questions, revision timetables. By studying business studies it will help you make informed decisions in the everyday business of living, contribute to your understanding of the world of business and help develop skills of enterprise. Income statement and balance sheets include the future incoming and outgoing cash recorded as credit. Cashflow forecast ratoath college business studies. Full paper jc 2004 hl sample answers business studies. Contra entry where money is switched between the cash ac and bank ac. Junior certificate business studies was topical and accessible, with the higher level paper featuring a question on the new mortgage rules. They are the activities that supply unprocessed raw materials from the earths rocks, soils and waters. Cashcurrency the notes and coins that we use every day. All payments are securely processed through paypal.
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