Revision questions
Qn.1 Record the following information in Kasodde’s cash book and balance off atthe endof month 2004,
1st commenced business with cash 20,000
3rd bought goods for cash 8,000
5th sold goods for cash 5,000
10th paid for salaries in cash 2,500
15thpaid for rent in cash 1,000
22ndpaid for rates in cash 2,200
30th cash purchases 5,400
Qn. 2 Record the following transactions in Dorah’s cash Account and there after balance it off at the end of the month.
2001 Shs.
June 1st commenced business with cash 13,2000
June 4th Bought motor van for cash 3,300
June 6th Bought goods for cash 3,400
June 10th cash sales to date 5,800
June 13th paid salary in cash 2,500
June 16th paid rates in cash 1,600
June 23rd Bought stationery in cash 2,000
June 28th cash purchases 3,600
June 31st Sold goods for cash 6,000
Qn.3. Enter the following transactions in Sylvia’s cash book and show the balance’s at the end of the month.
2002 Shs.
Jan 1st balance brought forward 22,000
Jan4th bought machinery for cash 6,000
Jan 6th bought goods for cash 5,300
Jan 10th cash sales to date 8,000
Jan 15th paid peter Collins in cash 4,500
Jan 22nd Received a loan from “ Nigiina” in cash 10,000
Jan 30th cash purchases 3,600
Jan 31st sold goods for cash 5,000
On 1st March 2005 Kikonyogo a trader had cash amounting to Shs.65, 000 and a debit balance in the bank column of his cash book Shs.135, 000
| March 3rd | Received cash from Makayu Shs.21,000 |
| “ 5th | Received cash from Moses Shs.40,000 |
| “ 5th | Paid Mulani by cheque Shs.14,000 deducting 5% cash discount |
| “ 6th | Paid cash to bank Shs.10,000 |
| “ 8th | Received cash Shs.15,000 less 5% discount from Musa and banked the amount |
| “ 9th | Paid for wages by cash Shs.15,000 |
| “ 12th | Paid Sebaggala & Sons by cheque Shs.44, 000 less 2% discount. |
| “ 13th | Cashed a cheque for Shs.16,000 and paid for wages by cash 15,000 |
| “ 15th | Received a cheque from Manisuli Shs.10, 000 less 5% discount. |
| “ 18th | Received a cheque from Bonny Shs.17, 100 after Shs.900 cash discount deducted. |
| “ 19th | Paid Steven’s A/C by cheque Shs.11, 000 deducting 5% discount. |
| “ 23rd | Received cash from Ali Shs.28, 500 and paid the amount into bank, cash discount of Shs.1, 500 was allowed. |
Required:
Draw a three column cash book and come up with the trail balance as at date
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