CHAPTER 10
Cash-Basis Financial Statements
10.1 Simple Cash-Basis Statement
10.2 Simple Statement with Last Year's Figures and Budget
10.3 Combined Cash-Basis Income Statement and Balance Sheet
10.4 Separate Statement of Receipts and Disbursements and Statement of Net Assets
10.5 Statement of Income with Certain Cash Transactions Omitted
10.6 Modified Cash-Basis Statements
10.1 Simple Cash-Basis Statement
(a) Characteristics
p. 146, first complete paragraph. Delete “This being so,” and capitalize the “T” in “this.” Insert the word “church's” in front of the words “cash transactions.”
(b) Budget Comparison
p. 147, first sentence. Delete the words “to be remembered.”
p. 147, fourth sentence. Insert a “,” after “In Exhibit 10.1.”
10.2 Simple Statement with Last Year's Figures and Budget
p. 147, first sentence. Change the word “with” to “to.”
p. 147, fourth sentence. Delete “quickly look down” and capitalize the “T” in “the.”
p. 147, fourth sentence. Delete the period at the end of the sentence.
p. 147, fifth sentence. Delete “see how” and combine the fourth and fifth sentences; then insert the word “shows” after the word “rapidly” and delete the words “can be spotted.”
10.3 Combined Cash-Basis Income Statement and Balance Sheet
p. 148, first paragraph, first sentence. Replace “Chapter 2” with “Chapter 3.”
p. 148, second paragraph, first sentence. Replace “for” with “with.” ...
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