Step 1: Add up total columns on each side of the account Add up the debit side (€20 + €50 = €70) Add up the credit side (€10 + €5 + €3.50 = €18.50)
• In this case the debit side is the larger side (€70). This figure will be the total figure.
• The total figure (€70) will go on both sides of the book in the ‘total column’ (same line across).
• Skip a line on both sides before entering total figures. • The total figure must be on the same line on both sides.
A
Debit Side Money in (+) Details
Date 2022
01 Jan Pocket money 07 Jan Birthday money
Cash Account of Ciara
Total €
Date 2022
20 02 Jan Disco ticket 50 08 Jan Bus ticket 08 Jan Lunch
70 Observe it
The two total figures are on the same line (yellow highlight) on both sides. Also, the single line and the double line highlight totals €70.
Step 2: Subtraction
Subtract the smaller number from the larger number. In this case: €70 (larger) – €18.50 (smaller) = €51.50. This difference is called the balance. Balance c/d
The balance is entered on the smallest side above the total figure (€70) and is called the balance c/d (carried down). The reason for placing the balance c/d here is that the figures now add up to €70. It is labelled ‘balance c/d’ and is on the last day of the period (month/year), i.e. 31 January.
B
Debit Side Money in (+) Details
Date 2022
01 Jan Pocket money 07 Jan Birthday money
Cash Account of Ciara
Total €
Date 2022
Money out (–) Credit Side Details
20 02 Jan Disco ticket 50 08 Jan Bus ticket 08 Jan Lunch