Cash at Bank
A-1001 · Asset · Debit normalDr
Cr
86,400.00
12,500.00
12,500.00
41,180.00
9,640.00
9,640.00
Balance£48,080.00
Folio 112 — General Journal
Posted in full| Date | Particulars | Fol. | Debit | Credit | Balance |
|---|---|---|---|---|---|
| Totals carried forward | — | — | — |
Folio 115 — T-Accounts & Trial Balance
In balanceRestoration Works
E-5200 · Expense · Debit normalDr
Cr
41,180.00
6,220.00
6,220.00
1,150.00
—
—
Balance£46,250.00
Heritage Grant
R-4010 · Revenue · Credit normalDr
Cr
—
86,400.00
Balance£86,400.00 Cr
Trade Payables
L-2100 · Liability · Credit normalDr
Cr
9,640.00
6,220.00
12,500.00
12,500.00
Balance£9,080.00 Cr
| Code | Account | Debit | Credit |
|---|---|---|---|
| A-1001 | Cash at Bank | 48,080.00 | — |
| A-1400 | Materials on Site | 1,150.00 | — |
| E-5200 | Restoration Works | 46,250.00 | — |
| L-2100 | Trade Payables | — | 9,080.00 |
| R-4010 | Heritage Grant | — | 86,400.00 |
| Agreed | 95,480.00 | 95,480.00 |
Folio 119 — Notes to the Accounts
Initialled E.V.A ledger is not a record of money. It is a record of obligations, each one seen from both sides of the transaction at once.
1 · Grant recognition
The Heritage Grant of £86,400 was received in a single tranche on 4 July and credited in full. Conditions attach to the second phase only; no deferral has been made against the current period.
2 · Retention
Five per cent of each contractor invoice is withheld against defects and shown within Trade Payables rather than as a separate account. Release falls due twelve months after practical completion.
3 · Standing conventions
- Dr Debits sit left and are struck in black. They increase assets and expenses.
- Cr Credits sit right and are struck in red. They increase liabilities, equity and revenue.
- c/f The balance column carries forward down the page and never restarts mid-folio.
- = A double rule beneath a figure means the column has been agreed and is closed.