Enter the following transactions in the suitable cash book for Mumbi stores January 1st opening balance cash 50,000 Bank 100,000 2nd bought goods from Kimeto on credit...

      

Enter the following transactions in the suitable cash book for Mumbi stores
January 1st opening balance cash 50,000
Bank 100,000
2nd bought goods from Kimeto on credit sh. 60,000
12th settled Kimeto’s account of sh. 60,000 by cheque after detecting 10% cash discount
20th total sales on credit amounted to sh. 50,000
25th Received a cheque of sh. 28,500 from Muturi settling his account after deducting 5% cash discount
30th transferred cash to the bank leaving a balance of sh. 5,000

  

Answers


Kavungya
fig4111020191114.png
Kavungya answered the question on October 11, 2019 at 08:15


Next: The table shows some occupation in production .Indicate the level of production associated with each of the following occupations.
Previous: The following balances were extracted from the books of Kinja traders as at 31st December 2005.

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


Exams With Marking Schemes

Related Questions