(a)Purchases Journal
(b)Cash payment journal
(c)Returns journal
(d)Sales journal
Kavungya answered the question on September 25, 2019 at 07:06
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Date posted: September 13, 2019. Answers (1)
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Date posted: September 13, 2019. Answers (1)
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Date posted: September 13, 2019. Answers (1)
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Date posted: September 13, 2019. Answers (1)
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Date posted: September 13, 2019. Answers (1)
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Date posted: September 13, 2019. Answers (1)
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Date posted: September 13, 2019. Answers (1)
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Date posted: September 13, 2019. Answers (1)
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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
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13 paid insurance premiums of Ksh 16,000 in cash
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21 withdrew Ksh 30,000 from bank for office use
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Date posted: September 13, 2019. Answers (1)
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The following trial balance was extracted from the books of J.B. Traders as at 31st Dec. 2014.
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Date posted: September 5, 2019. Answers (1)
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Luanda Traders had the following balances at 1st Jan 2015 Cash Sh. 180,000 (Dr.) Bank Sh. 67,000 (Cr.) During the month of Jan 2015, the following transaction took place;
Jan 2 cash sales Sh. 14,500
Jan 6 Mwangi a debtor settled his account of Sh. 45,000 by cheque less 5% cash discount
Jan 8 Sold goods on credit with Sh. 25,000
Jan 14 Paid salaries in cash 50,000
Jan 18 Settled Laboso‘s account of 60,000 by cheque less 3% cash discount.
Jan 21 Received a cheque of 84,000 from Rotich after deducting 10% cash discount
Jan22 Cash purchases paid by cheque sh. 65,000
Jan 24 Cash sales worth 340,000 directly banked Sh. 300,000 cash into the account
Jan 28 Took cash 39,000 for children‘s school fees
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Date posted: September 5, 2019. Answers (1)