On 1st January 2007, Nancy Traders had shs 8000 in cash and sh. 60,000 at bank. During the month, the following transactions took place. 2005 January 18...

      

On 1st January 2007, Nancy Traders had shs 8000 in cash and sh. 60,000 at bank. During the month, the following transactions took place.
2005
January 18 : Paid Shamisi Traders shs 17,000 by cheque less 2000 cash discount
“20 : Sold goods for sh.24,000 cash less by 5 % discount.
“29: Banked all the cash except 6,200.
Required:
Enter the above transactions in a three column cash book and balance it off.

  

Answers


Kavungya
fig8125920191624.png
Kavungya answered the question on September 25, 2019 at 13:25


Next: Outline four factors that an entrepreneur will consider when determining the most viable business opportunity.
Previous: State four external dis-economies of scale that a firm may get.

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


Exams With Marking Schemes

Related Questions