You are to write up a three-column cash book for Allen Electronics Inc. from the information given below: Cash book of Allen Electronics Inc. showed debit balance of RO 37,550 and Bank overdraft RO 21,575. Following business was transacted took place during the month: Purchased Canon Printer for Cash RO 500; Canon offered a discount of 4% October 1, 2020 October 2, 2020 Cash Sales RO 31,315; The accountant was asked to deposit RO 15,000 into Allen Electronics Inc.'s bank account on the same day October 7, 2020 Purchase furniture RO.2,000; Allen Electronics Inc. gets a discount of 1.5%. It pays RO 1,005 in cash and remaining by cheque October 16, 2020 Received cash of RO 1,900 received from its customer, Mr Imran, deducting 5% discount. The amount was deposited into bank on the same day October 16, 2020 Received a cheque from Ali for RO 775 and it was deposited in the bank on the same October 22, 2020 day. On 25th October, the bank informed Allen Electronics Inc. that this cheque has been dishonored and incurred charges of RO 15 October 28, 2020 Paid to Nirman LLC RO.390, and discount received Ro.10 October 29, 2020 Sold goods for cash RO.2,000 with 10% trade discount October 30, 2020 Withdrew from Bank for Office use RO 250 and personal use RO 150 You are required to prepare Three Column Cash Book and show the discount, cash and bank column of the
You are to write up a three-column cash book for Allen Electronics Inc. from the information given below: Cash book of Allen Electronics Inc. showed debit balance of RO 37,550 and Bank overdraft RO 21,575. Following business was transacted took place during the month: Purchased Canon Printer for Cash RO 500; Canon offered a discount of 4% October 1, 2020 October 2, 2020 Cash Sales RO 31,315; The accountant was asked to deposit RO 15,000 into Allen Electronics Inc.'s bank account on the same day October 7, 2020 Purchase furniture RO.2,000; Allen Electronics Inc. gets a discount of 1.5%. It pays RO 1,005 in cash and remaining by cheque October 16, 2020 Received cash of RO 1,900 received from its customer, Mr Imran, deducting 5% discount. The amount was deposited into bank on the same day October 16, 2020 Received a cheque from Ali for RO 775 and it was deposited in the bank on the same October 22, 2020 day. On 25th October, the bank informed Allen Electronics Inc. that this cheque has been dishonored and incurred charges of RO 15 October 28, 2020 Paid to Nirman LLC RO.390, and discount received Ro.10 October 29, 2020 Sold goods for cash RO.2,000 with 10% trade discount October 30, 2020 Withdrew from Bank for Office use RO 250 and personal use RO 150 You are required to prepare Three Column Cash Book and show the discount, cash and bank column of the
Chapter1: Financial Statements And Business Decisions
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Transcribed Image Text:You are to write up a three-column cash book for Allen Electronics Inc. from the information given below:
Cash book of Allen Electronics Inc. showed debit balance of RO 37,550 and Bank
overdraft RO 21,575. Following business was transacted took place during the month:
Purchased Canon Printer for Cash RO 500; Canon offered a discount of 4%
October 1, 2020
October 2, 2020
Cash Sales RO 31,315; The accountant was asked to deposit RO 15,000 into Allen
Electronics Inc.'s bank account on the same day
October 7, 2020
Purchase furniture RO.2,000; Allen Electronics Inc. gets a discount of 1.5%. It pays
RO 1,005 in cash and remaining by cheque
October 16, 2020
Received cash of RO 1,900 received from its customer, Mr Imran, deducting 5%
discount. The amount was deposited into bank on the same day
October 16, 2020
Received a cheque from Ali for RO 775 and it was deposited in the bank on the same
October 22, 2020 day. On 25th October, the bank informed Allen Electronics Inc. that this cheque has
been dishonored and incurred charges of RO 15
October 28, 2020
Paid to Nirman LLC RO.390, and discount received Ro.10
October 29, 2020
Sold goods for cash RO.2,000 with 10% trade discount
October 30, 2020
Withdrew from Bank for Office use RO 250 and personal use RO 150
You are required to prepare Three Column Cash Book and show the discount, cash and bank column of the
Three Column Cash Book of Allen Electronics Inc.
Font size can be 10 to 12 for contents and headings 12 to 14 and 14 to 16 for title
ii. Title and subheading to be kept in the middle
iii. Adjust the row's height and column's width where ever it is necessary
iv. Border the statement
v. Do Wrap Text
i.
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