Konate Traders
Three column cash book
As at 31st Dec 2010
| Date | Details | L.F | D.A | Cash | Bank | Date | Details | LF | DR | Cash | Bank | |
| 1st /12 3/12 8/12 9/12 31/12 | Capital Tila Katu Sales Cash | c | 1000 400 1400 | 100000 100000 | 200000 19000 7600 80000 306600 | 1st /12 2/12 6/12 10/12 11/12 31/12 31/12 | Furniture Purchases Kahama Wages Electricity Bank Balance | c c/d | 2500 2500 | 20000 80000 100000 | 50000 40000 22500 10000 184100 306600 |
The following transactions relates to Konate Traders for the month of December 2010.
Dec 1stStarted a business with sh. 200,000 in the Bank account.
2ndBought furniture for sh, 50,000 and paid by cheque
3rdSold goods on credit to Tilashs, 20,000; Katu 10,000
4th Bought goods on credit from Kahamash 30,000; Kanga shs. 40,000
5thReturned faulty goods to Kahamash 5,000
6thPaid Kahama on account by cheque less 10% cash discount.
7thReceived faulty goods from Katushs. 2000
8thReceived payment due from Tila and Katu by cheque less 5% cash discount.
9thCash sales shs. 100,000
10thPaid for wagesshs. 20,000 by cash and electricity shs.10,000 by cheque.
11thDeposited all the cash in hand into the bank account.
Required:
Prepare a three-column cash book duly balanced (10mks)
