What are the postings that need to be made in order to close a Cash Journal (Tx FBCJ) correctly.
I have one that is no longer required, where there was a cash balance that has now been banked and this banked amount is currently sitting as unallocated cash on the Bank account.
What postings are needed to account for this ensuring that the Cash Journal becomes 0.00 and that the matching o/s amount on the Balance Sheet is also cleared?
So Cash issued £200, Cash spent and accounted for £150, Cash repaid to Bank £50
Balance showing on Cash Journal using FBCJ is £50 and the Balance Sheet Cash Float A/c also has balance of £50
Can anyone help please?