Created by HASSAN TUGUME Published 15 APR, 8:18 Updated 15 APR, 8:18 21 APR, 23:59 2 attempts left This test will become unavailable after 21 Apr 2024 23:59 0% If you want to start assessment remove unpublished or deadline date RESUME THE QUIZ CAT 2 APRIL 2024 FOA 121 Principles of Accounting - CAT2 Instructions to Candidates: Attempt all questions (all questions are compulsory) Q.1 The following transactions are for Taka Ltd for October 2023. 1st October, Taka the owner of the business started the business with $20,000 cash and $10,000 in the bank account. 2nd, purchased land for the business at $3,000 cash 4th purchased office furniture from Furniture World on credit valued at $2,000 4th, Taka was hired to provide consultancy to a client and was paid $ 300 cash 5th, obtained a bank loan of $18,000, which was deposited in the business bank account. 15th, made part payment of $1,500 by cheque to Accounts payable created on 4th October 06th, deposited $500 into the bank 17th, bought a motor vehicle from Spear Motors for $20,000. Made cash payment of $8,000, paid $3,000 by cheque, and promised to pay the balance later. 20th, sold a portion of land that was unutilized for $1,500 cash. 25th, fully settled the balance of $9,000 by cash created on 17th October. 28th, withdrew $400 from the bank 30th, $800 business cash was used to entertain relatives from upcountry 30th, Purchased goods from Jemima Ltd worth $5000 on account. Required: From the above transactions, formulate: a) A Two-column cash book and balance it off at the end of the month. (18 marks) please help me in to two columns cash book clearly please
Created by HASSAN TUGUME Published 15 APR, 8:18 Updated 15 APR, 8:18 21 APR, 23:59 2 attempts left This test will become unavailable after 21 Apr 2024 23:59 0% If you want to start assessment remove unpublished or deadline date RESUME THE QUIZ CAT 2 APRIL 2024 FOA 121 Principles of Accounting - CAT2 Instructions to Candidates: Attempt all questions (all questions are compulsory) Q.1 The following transactions are for Taka Ltd for October 2023. 1st October, Taka the owner of the business started the business with $20,000 cash and $10,000 in the bank account. 2nd, purchased land for the business at $3,000 cash 4th purchased office furniture from Furniture World on credit valued at $2,000 4th, Taka was hired to provide consultancy to a client and was paid $ 300 cash 5th, obtained a bank loan of $18,000, which was deposited in the business bank account. 15th, made part payment of $1,500 by cheque to Accounts payable created on 4th October 06th, deposited $500 into the bank 17th, bought a motor vehicle from Spear Motors for $20,000. Made cash payment of $8,000, paid $3,000 by cheque, and promised to pay the balance later. 20th, sold a portion of land that was unutilized for $1,500 cash. 25th, fully settled the balance of $9,000 by cash created on 17th October. 28th, withdrew $400 from the bank 30th, $800 business cash was used to entertain relatives from upcountry 30th, Purchased goods from Jemima Ltd worth $5000 on account. Required: From the above transactions, formulate: a) A Two-column cash book and balance it off at the end of the month. (18 marks) please help me in to two columns cash book clearly please
Chapter3: Setting Up A New Company
Section: Chapter Questions
Problem 1.5C
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Question
Created by
HASSAN TUGUME
Published
15 APR, 8:18
Updated
15 APR, 8:18
21 APR, 23:59
2 attempts left
This test will become unavailable after 21 Apr 2024 23:59
0%
If you want to start assessment remove unpublished or deadline date
RESUME THE QUIZ
CAT 2 APRIL 2024
FOA 121 Principles of Accounting - CAT2
Instructions to Candidates:
Attempt all questions (all questions are compulsory)
Q.1
The following transactions are for Taka Ltd for October 2023.
1st October, Taka the owner of the business started the business with $20,000 cash and $10,000 in the bank account.
2nd, purchased land for the business at $3,000 cash
4th purchased office furniture from Furniture World on credit valued at $2,000
4th, Taka was hired to provide consultancy to a client and was paid $ 300 cash
5th, obtained a bank loan of $18,000, which was deposited in the business bank account.
15th, made part payment of $1,500 by cheque to Accounts payable created on 4th October
06th, deposited $500 into the bank
17th, bought a motor vehicle from Spear Motors for $20,000. Made cash payment of $8,000, paid $3,000 by cheque, and promised to pay the balance later.
20th, sold a portion of land that was unutilized for $1,500 cash.
25th, fully settled the balance of $9,000 by cash created on 17th October.
28th, withdrew $400 from the bank
30th, $800 business cash was used to entertain relatives from upcountry
30th, Purchased goods from Jemima Ltd worth $5000 on account.
Required: From the above transactions, formulate:
a) A Two-column cash book and balance it off at the end of the month. (18 marks) please help me in to two columns cash book clearly please
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