Australasian Advanced Accountancy An Exposition From An Australasian Standpoint
Australasian Advanced Accountancy An Exposition From An Australasian Standpoint
Albert E Barton
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233 6 S £16 13 4 £1, 233 6 8 BUSINESS PROPERTY ACCOUNT. Julv 7. To Corpus A/c... £18, 000 Sep. 30. By Cash Sep. 30. To Cash, Expenses of Realn. ) .. 82 „ Corpus A/c. Pro- fit on Realn. 1, 218 £19, 300 £19, 300 £19, 300 FURNITURE, PLATE, AND HOUSEHOLD EFFECTS ACCOUNT. Tuly 7. To Corpus A/c. £600 Sep. 30. By Cash .... £650 SeplSO. , Cash Expenses of Realn. . . 1 10 „ Corpus A/c. (Profit on ReaJn. ) .. 48 10 £650 £650 INCOME ACCOUNT. Sep 7 To Ground Rent. . £6 13 4 Sep. 30. By Freehold Pro- Sep. A...O. „ Sondncomeon perty A/c. . . £33 6 8 property devis- „ Leasehold Pro- ed to him) . . 33 6 8 perty A/c. . . 16 13 4 „ Widow (residu- ary legatee) 10 £50 £50 Cash Account. — Special care should be taken in keep- ing the Cash account of the estate, as a copy of this account, together with the vouchers supporting the items, has to be filed by the Executor on passing his accounts. Care should be taken to distinguish Corpus and Income, and this is done by providing money columns for the dissection of receipts and payments under those headings.
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