Question

Prepare the three column cashbook and balance it. 2009 March 1 Started business with P8000.00 4....

Prepare the three column cashbook and balance it.

2009

March 1 Started business with P8000.00

4. Bought goods paying by cheque P1430.00

8. Cash sales P680.00

9. Sold goods on credit to N.Masego P340.00, A.Kabo P240.00, B.Olorato P320.00

10. Bought goods on credit from; S.Kagiso P520.00, F.Kola P760.00, P. Mokgwathi P510.00

19. N.Masego paid up his account of P340.00 by means of a cheque for P320.00, he was given P20.00 discount.

20. Paid S.Kagiso his account of P520.00 by means of a cheque for P500.00; he allowed the business a P20.00 discount.

21. Bought Stationery in cash P150.00

25. Paid rates by cheque P300.00

26. Received a cheque for P230.00 from A.Kabo discount having been allowed P10.00

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Answer #1
three column cash book
dr. (receipts) credit (payments)
date description vn pr dis cash bank date description vn pr dis cash bank
1 march to cash a/c p8000 4 march by purchase a/c p1430
8 march to sales a/c p680 20 march by S. Kasigo's a/c p20 p500
19 march to N. Masego's a/c p20 p320 21 march by stationery a/c p150
26 march to A. Kabo's a/c p10 p230 25 march by rates a/c p300
31 march by alance c/d p530 p6320
total p30 p680 p8550 total p20 p680 p8550

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