Get premium membership and access questions with answers, video lessons as well as revision papers.

On 1st march 2017 Kamau had cash in hand Ksh 7,800 and a bank overdraft of Ksh 24,300.

      

On 1st march 2017 Kamau had cash in hand Ksh 7,800 and a bank overdraft of Ksh 24,300.During the month, the following transactions took place
March 3 cash sales paid directly into the bankKsh 16,500
4 bought goods for Ksh 15,000 and paid by cheque
6 cash sales Ksh. 50,000
9 received a cheque of ksh 18,000 from Amolo in full settlement of his debt
13 paid insurance premiums of Ksh 16,000 in cash
15 paid Kamotho by cheque Ksh 9,700 in full settlement of his account less 3% cash discount
21 withdrew Ksh 30,000 from bank for office use
24 received a cheque of Ksh23,750 from Rotich in full settlement of his account less 5% cash discount
25 paid wages in cash Ksh 20,000
30 banked all cash except Ksh 3,000

Required: prepare a three column cash book

  

Answers


Martin
THREE COLUMN CASHBOOK

FAIL.png
marto answered the question on September 13, 2019 at 11:30


Next: In maize the gene for the purple colour is dorminant for the gene for white colour. A purple colour was crossed with heterozygous plant. Using...
Previous: Explain five ways through which the Central Bank regulates economic activities in the Country.

View More Business Studies Questions and Answers | Return to Questions Index


Learn High School English on YouTube

Related Questions