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Income for services provided

The money received by a business for services provided (also known as current income), is usually received by means of a cash register and the cash-register roll serves as record and source document. The money received can also be recorded in an invoice book and the copy of the cash invoice will then serve as source document.

The completed CRJ shows how the type of transaction is recorded. (See example 1.)

Salon Jolie’s current income for January has been obtained from the cash register roll and is as follows:

Jan. 4 R400

Jan. 10 R540

Jan. 15 R680

Use the blank cash receipts journal on the next page (CRJ 3.3) to record the cash transactions below.

Enter the totals in the columns.

Mr Peter Pipe starts a plumbing business called Pipe Plumbers and deposits R10 000 as capital in the current account of the business on 1 July 2002. During July he provided plumbing services and earned the following as current income:

5 July R1 500

15 July R2 000

25 July R1 800

Example 1

Cash receipts journal of salon jolie – january 2003

Doc. Day Details Fol. Analysis Bank Current income
Sundries accounts
Amount Fol. Details
Deposit slip 1 J. Jolie 50 000 00 50 000 00 Capital CR 4 Services provided 400 00 400 00 400 00 CR 10 Services provided 540 00 540 00 540 00 CR 15 Services provided 680 00 680 00 680 00 51 620 00 1 620 00 50 000 00

Cash receipts journal of .................................................. – ......................... 20......crj 3.3

Doc. Day Details Fol. Analysis Bank Current income
Sundries accounts
Amount Fol. Details


Learning Outcomes(LOs)
LO 3
Management, Consumer and Financial Knowledge and SkillsThe learner will be able to demonstrate knowledge and the ability to apply responsibly a range of managerial, consumer and financial skills.
Assessment Standards(ASs)
We know this when the learner:
3.1 differentiates between financial concepts used in business (e.g. fixed assets, current assets, liabilities, owner’s equity);
3.2 develops leadership and management strategies that will ensure a return on investments;
3.3 completes source documents (e.g. receipts, deposit slips, cheques) and records elementary cash transactions in a statement of receipts and payments;
3.4 uses keyboard skills and function keys in developing, storing and retrieving basic information;
3.5 explains the concept and analyses a statement of net worth;
3.6 investments the various methods of savings and investments (e.g. savings accounts, fixed deposits, shares, unit trusts), and calculates on a variety of investments.



Cheque - Is used for cheque payments. Serves as proof of payment.

DateAmount in words and figuresName of payeeSignature of drawer

DateAmount Cheque counterfoilPayeeReason for payment

Receipt - Serves as proof of cash payment

Date From whom money was receivedReason for paymentAmount in words and figuresSignature of person who issued receipt

Invoices - Are used in the case of cash or credit sales and purchases

Invoice numberDate Name of buyer or seller in the case of cash transactionDescription of goodsUnit price and total price

Bank deposit slip - Is completed when money is deposited in bank account

DateName of account holderBranch numberAccount numberReference numberExplanation of cashInformation with regard to cheque depositDetails of depositorSignature


Learners may use a deposit slip from any bank. Please ensure that it is completed in full, and go through it with them. Explain the terms/concepts, e.g. branch number, depositor (and why the depositor’s details must be provided).


Cash receipts journal of pipe plumbers - july 2003crj 3.3

Doc Day Details Fol Analysis Bank Current income
Sundries account
Amount Fol Details
1 Peter Pipe - 10 000 - 10 000 - Capital CR 5 Services provided 1 500 - 1 500 - 1 500 - CR 15 Services provided 2 000 - 2000 - 2000 - CR 20 Services provided 1 800 - 1 800 - 1 800 - 15 300 5 300 10 000 -

Questions & Answers

How we are making nano material?
what is a peer
What is meant by 'nano scale'?
What is STMs full form?
scanning tunneling microscope
what is Nano technology ?
Bob Reply
write examples of Nano molecule?
The nanotechnology is as new science, to scale nanometric
nanotechnology is the study, desing, synthesis, manipulation and application of materials and functional systems through control of matter at nanoscale
Is there any normative that regulates the use of silver nanoparticles?
Damian Reply
what king of growth are you checking .?
What fields keep nano created devices from performing or assimulating ? Magnetic fields ? Are do they assimilate ?
Stoney Reply
why we need to study biomolecules, molecular biology in nanotechnology?
Adin Reply
yes I'm doing my masters in nanotechnology, we are being studying all these domains as well..
what school?
biomolecules are e building blocks of every organics and inorganic materials.
anyone know any internet site where one can find nanotechnology papers?
Damian Reply
sciencedirect big data base
Introduction about quantum dots in nanotechnology
Praveena Reply
what does nano mean?
Anassong Reply
nano basically means 10^(-9). nanometer is a unit to measure length.
do you think it's worthwhile in the long term to study the effects and possibilities of nanotechnology on viral treatment?
Damian Reply
absolutely yes
how to know photocatalytic properties of tio2 nanoparticles...what to do now
Akash Reply
it is a goid question and i want to know the answer as well
characteristics of micro business
for teaching engĺish at school how nano technology help us
How can I make nanorobot?
Do somebody tell me a best nano engineering book for beginners?
s. Reply
there is no specific books for beginners but there is book called principle of nanotechnology
how can I make nanorobot?
what is fullerene does it is used to make bukky balls
Devang Reply
are you nano engineer ?
fullerene is a bucky ball aka Carbon 60 molecule. It was name by the architect Fuller. He design the geodesic dome. it resembles a soccer ball.
what is the actual application of fullerenes nowadays?
That is a great question Damian. best way to answer that question is to Google it. there are hundreds of applications for buck minister fullerenes, from medical to aerospace. you can also find plenty of research papers that will give you great detail on the potential applications of fullerenes.
what is the Synthesis, properties,and applications of carbon nano chemistry
Abhijith Reply
Mostly, they use nano carbon for electronics and for materials to be strengthened.
is Bucky paper clear?
carbon nanotubes has various application in fuel cells membrane, current research on cancer drug,and in electronics MEMS and NEMS etc
how did you get the value of 2000N.What calculations are needed to arrive at it
Smarajit Reply
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Source:  OpenStax, Economic and management sciences grade 8. OpenStax CNX. Sep 11, 2009 Download for free at http://cnx.org/content/col11040/1.1
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