• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
Free ACCA & CIMA online courses from OpenTuition

Free ACCA & CIMA online courses from OpenTuition

Free Notes, Lectures, Tests and Forums for ACCA and CIMA exams

  • ACCA
  • CIMA
  • FIA
  • OBU
  • Books
  • Forums
  • Ask AI
  • Search
  • Register
  • Login
  • ACCA Forums
  • Ask ACCA Tutor
  • CIMA Forums
  • Ask CIMA Tutor
  • FIA
  • OBU
  • Buy/Sell Books
  • All Forums
  • Latest Topics

20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for September 2025 exams.
Get your discount code >>

"Bankings"

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FA – FIA FFA › "Bankings"

  • This topic has 3 replies, 3 voices, and was last updated 4 years ago by John Moffat.
Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • March 13, 2018 at 11:01 am #442439
    krisi
    Member
    • Topics: 11
    • Replies: 4
    • ☆

    Hello,

    I do not understand the wording of a question in the Kaplan Revision kit. What is meant by ” Bankings of 1200 from canteen vending machines”? The answer says I should debit the bank account. Does the word “bankings” always imply that?

    March 13, 2018 at 3:15 pm #442470
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54699
    • ☆☆☆☆☆

    Bankings is cash paid into the bank. So they take cash from the machines and pay it into the bank – so debit the cash at bank account.

    February 26, 2021 at 2:11 pm #611813
    sijal-shrestha
    Member
    • Topics: 0
    • Replies: 1
    • ☆

    what would be it’s journal? Can you tell more about it?

    February 26, 2021 at 3:02 pm #611829
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54699
    • ☆☆☆☆☆

    If a shop makes sales for cash, then they Dr Cash and Cr Sales.

    If later (probably at the end of each day) they then take the cash and pay it into their bank account, they Dr Cash at Bank and Cr Cash.

    The cash account is recording what they have in actual coins and notes. The cash at bank account is recording the cash they have in the bank.

  • Author
    Posts
Viewing 4 posts - 1 through 4 (of 4 total)
  • You must be logged in to reply to this topic.
Log In

Primary Sidebar

Donate
If you have benefited from our materials, please donate

ACCA News:

ACCA My Exam Performance for non-variant

Applied Skills exams is available NOW

ACCA Options:  “Read the Mind of the Marker” articles

Subscribe to ACCA’s Student Accountant Direct

ACCA CBE 2025 Exams

How was your exam, and what was the exam result?

BT CBE exam was.. | MA CBE exam was..
FA CBE exam was.. | LW CBE exam was..

Donate

If you have benefited from OpenTuition please donate.

PQ Magazine

Latest Comments

  • darshan.69 on Chapter 9 Pension Schemes TX-UK FA2023
  • darshan.69 on Chapter 9 Pension Schemes TX-UK FA2023
  • Jarzin on The Finance Function in the Digital Age – CIMA E1
  • dkessilfie on FM Chapter 1 Questions – Financial management objectives
  • ahmadhoney on ACCA Advanced Audit and Assurance (AAA) The Audit Report 3: Types of Audit Report

Copyright © 2025 · Support · Contact · Advertising · OpenLicense · About · Sitemap · Comments · Log in