1) Write up a two-column cash book for Sam Trading LLC from the following: (4 Marks) Date Transactions 1-11-2020 Sam puts capital into a bank account for the business, OMR 25000. 12-11-2020 Withdrew OMR 1400 from the bank for private use. 14-11-2020 Withdrew OMR 2000 from the bank for business use. 17-11-2020 Paid rent by cheque OMR 300. 18-11-2020 Received interest by cheque OMR 400. 25-11-2020 Cash sales OMR 12000. 28-11-2020 Paid wages by cheque OMR 5000.
1) Write up a two-column cash book for Sam Trading LLC from the following: (4 Marks) Date Transactions 1-11-2020 Sam puts capital into a bank account for the business, OMR 25000. 12-11-2020 Withdrew OMR 1400 from the bank for private use. 14-11-2020 Withdrew OMR 2000 from the bank for business use. 17-11-2020 Paid rent by cheque OMR 300. 18-11-2020 Received interest by cheque OMR 400. 25-11-2020 Cash sales OMR 12000. 28-11-2020 Paid wages by cheque OMR 5000.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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1) Write up a two-column cash book for Sam Trading LLC from the following:
(4 Marks)
Date
Transactions
1-11-2020
Sam puts capital into a bank account for the business, OMR 25000.
12-11-2020
Withdrew OMR 1400 from the bank for private use.
14-11-2020
Withdrew OMR 2000 from the bank for business use.
17-11-2020
Paid rent by cheque OMR 300.
18-11-2020
Received interest by cheque OMR 400.
25-11-2020
Cash sales OMR 12000.
28-11-2020
Paid wages by cheque OMR 5000.
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