follow this link to achieve that.<\/a><\/p>\nThere are three questions on the Cash Book Accounting in this post for you. These questions were extracted from Yabatech’s past questions.<\/p>\n
Cash Book Accounting – Question 1<\/h2>\n Blessing Enterprises, a Sole trader, started a business with N8,000 in the bank and N2,000 cash on February 1, 2008, other transactions in the business are shown below.<\/p>\n
Record the transaction in the two-column cash book and balance the accounts.<\/p>\n
Feb. 3\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0Withdrew cash from bank N5,000 for the business use<\/p>\n
Feb. 6\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Purchase goods N3,500<\/p>\n
Feb. 10\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Cash sales N4000<\/p>\n
Feb 15\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 Received cash from S. Gbenga N1000<\/p>\n
Feb. 18\u00a0 \u00a0 \u00a0 \u00a0 \u00a0Received cheque for N2,000 from B. Adeola<\/p>\n
Feb 20\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 cash paid into bank N3,000<\/p>\n
Feb 23. \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Paid T. Abioudun cheque for N1,500<\/p>\n
Feb 25\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Cash purchase N800<\/p>\n
Feb 27\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Paid rent for N1,000 cheque<\/p>\n
Feb 28\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 paid N500 for electricity bill by cash.<\/p>\n
Cash Book Accounting – Question 2<\/h2>\n Ibrahim Attah Account shows the following for the month of May 2000<\/p>\n
May 1\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Balance in the bank from last month – 900<\/p>\n
May 4\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Cash sales to date – 800<\/p>\n
May 8\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Bought goods for cash – 500<\/p>\n
May 10\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Bought office table for cash – 200<\/p>\n
May 15\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Paid insurance premium in cash – 100<\/p>\n
May 20\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 E. Folake paid cash – 200<\/p>\n
May 22\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Cash sales – 600<\/p>\n
May 25\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Cash purchase – 420<\/p>\n
May 27\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Paid wages – 250<\/p>\n
May 29 \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Paid traveling expenses – 80<\/p>\n
May 30\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Withdraw cash for personal uses – 50<\/p>\n
Record the above transactions in the cash book and balance the account.<\/p>\n
Cash Book Accounting – Question 3<\/h2>\n Abubakar Aliyu started business Jan. 1, 20-8 with N12,000 cash paid into the bank.<\/p>\n
The following transactions were made during the month<\/p>\n
Jan 2\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Withdrew N3,000 cash from the bank for business use<\/p>\n
Jan 5\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Cash purchase of goods N2,500<\/p>\n
Jan 7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Receive cheque from the following debtors less 5% cash discount<\/p>\n
Jan 10\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Paid the following creditors cheque and received a 10% cash discount: H Eigbe N4,000, Barossa N2,500<\/p>\n
Jan 15\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Cash sales N6,000<\/p>\n
Jan 20\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Paid cash into the bank N3,000<\/p>\n
Jan 25\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Bought fixture & fittings by cheque N4,000<\/p>\n
Jan 27\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Paid salaries with cheque N3,600<\/p>\n
Record the above transactions in its relevant cash book and balance the account.<\/p>","protected":false},"excerpt":{"rendered":"
Welcome back! I believe you have read extensively and also watched one of my videos on the Cash Book Accounting? if yes, then proceed to answer the questions below but …<\/p>\n
Questions on 1,2,3 Column Cash Book<\/span> Lire la suite \"<\/a><\/p>","protected":false},"author":2,"featured_media":4416,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"default","ast-global-header-display":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"footnotes":""},"categories":[55],"tags":[132,170],"yoast_head":"\nQuestions on 1,2,3 Column Cash Book - HS Tutorial<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n\t \n