Write a two-column cash book from the following detail and balance off as at the end of the month.

      

Write a two-column cash book from the following detail and balance off as at the end of the month.
2009
Oct 1: Started business with capital in cash Sh. 1,000,000
Oct 2: Paid rent by cash Sh. 100,000
Oct 3: Loan from Mary- Sh. 500,000, paid by cheque.
Oct 4: Paid B. Peter by cheque Sh. 65,000
Oct 5: Cash sales made Sh. 98,000
Oct 7: Mitter, owe of debtor paid by cash Sh.62, 000
Oct 9: Paid Den (creditor) in cash 22,000
Oct 11: Cash sales paid direct into the bank Sh. 53,000
Oct 15: George (creditor) paid as by cheque Sh. 65,000
Oct 16: Repaid Mary by cheque Sh.100, 000
Oct 19: Took Sh.50, 000 out of the cash till and paid it into the bank accounts.
Oct 22: Paid motor expenses by cheque Sh. 12,000
Oct 26: Withdrew Sh. 100,000 cash from the bank for business use.
Oct 31: Paid wages in cash Sh. 97,000.

  

Answers

---

---

Wilfykil answered the question on February 27, 2019 at 14:00

Next: Highlight things which a public speaker should avoid.
Previous: Highlight the guidelines a public speaker should use while handling questions from the audience.

View More Financial Accounting 1 Questions and Answers | Return to Questions Index

Exams With Marking Schemes

• Grade 1
• Grade 2
• Grade 3
• Grade 4
• Grade 5
• Grade 6
• Grade 7
• Grade 8
• Grade 9
• PP1
• PP2
• Playgroup
• Form 1
• Form 2
• Form 3
• Form 4

Related Questions

---

• The following is a trial balance of ABC Ltd.(Solved)
  

  The following is a trial balance of ABC Ltd.
  
  
  
  Required:
  Draw up a statement of comprehensive income for the year ended 31st Dec. 2009 and statement of financial position as at 31/12/2009.

  Date posted: February 27, 2019.  Answers (1)

• Differentiate between: 1. An asset account and liability account 2. An expense account and revenue account 3. A trial balance and a balance sheet(Solved)
  

  Differentiate between:
  1. An asset account and liability account
  2. An expense account and revenue account
  3. A trial balance and a balance sheet

  Date posted: February 27, 2019.  Answers (1)

• Differentiate between Return inwards and return outwards(Solved)
  

  Differentiate between Return inwards and return outwards

  Date posted: February 27, 2019.  Answers (1)

• Differentiate between A debit entry and credit entry(Solved)
  

  Differentiate between A debit entry and credit entry

  Date posted: February 27, 2019.  Answers (1)