Bramble Company's bank statement for the month ended January 31 showed a balance per bank of $34,728. The company's Cash balance at January 31 was $16,398. Other information is as follows: 1. 2. 3. 4. Cash receipts for January were $87,679 of which $5,291 was outstanding at January 31. The bank statement shows a debit memorandum for $140 for cheque printing charges. Cheque No. 119 payable to Cain Company was recorded in the general journal and cleared the bank for $348. A review of th Accounts Payable subsidiary ledger shows a $136 credit balance in the account of Cain Company and that the payment to it should have been for $384. The total amount of cheques written during January was $75,136 of which $5,989 was outstanding at January 31. Cheque No. 127 was correctly written and paid by the bank for $219. The general journal reflects an entry for Cheque No. 127 as a debit to Accounts Payable and a credit to Cash for $291. The bank returned an NSF cheque from a customer for $760. The bank included a credit memorandum for $18,460, which represents an EFT collection of a customer's account.

As a commerce student, we all know that every business has to maintain a cash book to maintain all his cash and bank transactions. A cash book is a book which has two columns, one cash column and one bank column.