i) Cash recipient journal
ii) Purchases journal
iii) Payment voucher
iv) General journal
sharon kalunda answered the question on May 22, 2019 at 11:56
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Date posted: May 21, 2019. Answers (1)
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(a)...(Solved)
On June 1st 2015, Kelly had KSh. 6000 cash in hand and a bank overdraft of Sh. 2000; during the month the following transactions took.
(a) Received cheques from debtors totaling to KSh. 80,000 on June 2nd
(b) June 5th, paid telephone bills Sh. 1200 cash
(c) June 8th, withdrew Sh. 16000 from bank for office use.
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Kelly Traders
Two – Column Cashbook
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Date posted: May 21, 2019. Answers (1)
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(c) Withdrew Ksh. 50,000 in June 20th 2014 from the business bank a/c to be used in the office.
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Date posted: May 21, 2019. Answers (1)
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(a) State what is represented by curves
ap _____________________________
bq _____________________________
letter c _______________________
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Item ...(Solved)
The following balances were extracted from the books of Highlife
General Stores on 31st December 2015.
Item Ksh
Land and buildings 650,000
Stock 470,000
Bank overdraft 80,000
Debtors 350,000
10 year Bank Loan 500,000
Creditors 220,000
Cash 50,000
Motor Van 150,000
Capital ?
Required: Prepare the balance sheet of Highlife General Stores as at 31st
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Date posted: May 8, 2019. Answers (1)
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250,000 at bank. During the month, the following transactions took place:
September 2 Cash sales...(Solved)
On 1st September 2015, Gondi had Ksh 55,000 in hand and Ksh
250,000 at bank. During the month, the following transactions took place:
September 2 Cash sales banked Ksh 35,260
3 Bought ribbons in cash Ksh 4,500
8 Paid Wangila, a creditor Ksh 94,000 by cheque in full settlement
of his account after deducting 6% cash discount
12 Received a cheque for Ksh 58,800 from Wetu after allowing her a
cash discount of Ksh 1,200
15 Paid salaries Ksh 34,000 in cash
25 Withdrew Ksh 50,000 from bank for office use
28 Anyango, a debtor paid her account of Ksh 75,000 by cheque less
10% - cash discount
30 Deposited all the cash into bank except Ksh 13,700
Required: Prepare a three column cash book and balance it off.
Date posted: May 7, 2019. Answers (1)