Write up a three column cash book from the following details: March 1 Balances brought forward: Cash in hand GHS 4,500 Cash at Bank GHS 40,000 3 Paid each of the following accounts by cheque, deducting 5% discount in each case; M. Adama GHS 800; B. Bonsu GHS 3,000; A Adu GHS 560 5 Received cheque from k. Mensah in settlement of his debt GHS 1,900 6 Cash sales paid direct into the bank GHS 2,500 8 Paid Rent by cash GHS 1,500 10 Paid Motor expenses by cash GHS 800 12 The following persons paid us their account by cheque, in each case deducting a discount of 3%. A. Arhin GHS 1,800; K. Ananse GHS 7,400; K. Ntiamoah GHS 6,600. 17 Cash sales GHS 2,000 18 Paid for stationery by cheque GHS 450 25 Received a cheque for GHS 7,500 being a loan from k. Suglo 28 Paid rent by cash GHS 780 30 Paid salaries by cheque GHS 6,000 31 Cash Sales GHS 3,400; Paid GHS 6,000 cash to the bank
Write up a three column
March 1 Balances brought forward:
Cash in hand GHS 4,500
Cash at Bank GHS 40,000
3 Paid each of the following accounts by cheque, deducting 5% discount in
each case; M. Adama GHS 800; B. Bonsu GHS 3,000; A Adu GHS 560
5 Received cheque from k. Mensah in settlement of his debt GHS 1,900
6 Cash sales paid direct into the bank GHS 2,500
8 Paid Rent by cash GHS 1,500
10 Paid Motor expenses by cash GHS 800
12 The following persons paid us their account by cheque, in each case deducting a discount of 3%.
A. Arhin GHS 1,800; K. Ananse GHS 7,400; K. Ntiamoah GHS 6,600.
17 Cash sales GHS 2,000
18 Paid for stationery by cheque GHS 450
25 Received a cheque for GHS 7,500 being a loan from k. Suglo
28 Paid rent by cash GHS 780
30 Paid salaries by cheque GHS 6,000
31 Cash Sales GHS 3,400; Paid GHS 6,000 cash to the bank
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 2 images
