DateParticularsJan 1, 2020Abdul commenced his business with Cash = OMR 350002He deposited into bank current account = OMR. 20000He sold goods to Hakkim on credit = OMR 1000He paid Said by Cheque = OMR 1980 and receive discount = OMR 20 for45the goods purchased on creditHe receive cheque from Hakkim6OMR 970 and allow him discountOMR 307He makes sales for cash = OMR. 2800Hakkim cheque deposited in to the bank = OMR 97011He purchased a motor car by cheque = OMR 750012He purchased goods by cash = OMR. 250013He withdraws from bank for office use =OMR. 750Commission received = OMR 100|Purchased furniture by Cheque for OMR 450161820Withdraw from bank for personal use OMR 60027Sold goods to Mr. Haji for OMR 40028Received cheque from Mr Haji for OMR 375 in full settlement anddeposited in to bank30Motor car repair expenses OMR 120Required: Prepare triple column cash book with Discount, Cash and Bank Column

The cash book is prepared to record the cash transaction.

Abdul commenced his business with Cash = OMR 35000 He deposited into bank current account = OMR. 20000 He sold goods to Hakkim on credit = OMR 1000 He paid Said by Cheque = OMR 1980 and receive discount = OMR 20 for the goods purchased on credit He receive cheque from Hakkim = OMR 970 and allow him discount = OMR 30 Jan 1, 2020 2 4 5 7 He makes sales for cash = OMR. 2800 Hakkim cheque deposited in to the bank = OMR 970 9 11 He purchased a motor car by cheque = OMR 7500 He purchased goods by cash = OMR. 2500 He withdraws from bank for office use = OMR. 750 |Commission received = OMR 100 12 13 16 |Purchased furniture by Cheque for OMR 450 Withdraw from bank for personal use OMR 600 Sold goods to Mr.Haji for OMR 400 |Received cheque from Mr Haji for OMR 375 in full settlement and deposited in to bank Motor car repair expenses OMR 120 18 20 27 28 30 Required: Prepare triple column cash book with Discount, Cash and Bank Column

Abdul commenced his business with Cash = OMR 35000 He deposited into bank current account = OMR. 20000 He sold goods to Hakkim on credit = OMR 1000 He paid Said by Cheque = OMR 1980 and receive discount = OMR 20 for the goods purchased on credit He receive cheque from Hakkim = OMR 970 and allow him discount = OMR 30 Jan 1, 2020 2 4 5 7 He makes sales for cash = OMR. 2800 Hakkim cheque deposited in to the bank = OMR 970 9 11 He purchased a motor car by cheque = OMR 7500 He purchased goods by cash = OMR. 2500 He withdraws from bank for office use = OMR. 750 |Commission received = OMR 100 12 13 16 |Purchased furniture by Cheque for OMR 450 Withdraw from bank for personal use OMR 600 Sold goods to Mr.Haji for OMR 400 |Received cheque from Mr Haji for OMR 375 in full settlement and deposited in to bank Motor car repair expenses OMR 120 18 20 27 28 30 Required: Prepare triple column cash book with Discount, Cash and Bank Column

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Date
Particulars
Jan 1, 2020
Abdul commenced his business with Cash = OMR 35000
2
He deposited into bank current account = OMR. 20000
He sold goods to Hakkim on credit = OMR 1000
He paid Said by Cheque = OMR 1980 and receive discount = OMR 20 for
4
5
the goods purchased on credit
He receive cheque from Hakkim
6
OMR 970 and allow him discount
OMR 30
7
He makes sales for cash = OMR. 2800
Hakkim cheque deposited in to the bank = OMR 970
11
He purchased a motor car by cheque = OMR 7500
12
He purchased goods by cash = OMR. 2500
13
He withdraws from bank for office use =
OMR. 750
Commission received = OMR 100
|Purchased furniture by Cheque for OMR 450
16
18
20
Withdraw from bank for personal use OMR 600
27
Sold goods to Mr. Haji for OMR 400
28
Received cheque from Mr Haji for OMR 375 in full settlement and
deposited in to bank
30
Motor car repair expenses OMR 120
Required: Prepare triple column cash book with Discount, Cash and Bank Column

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