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Cash Booo

The document provides bank transaction details for Sheba for the month of December 2020 including receiving cheques from customers, paying a supplier, a customer paying a debt, receiving and later returning a cheque, and paying utilities. The cash book is to be prepared from this information with the balance brought forward to January 2021.

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anmitchell586
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58 views2 pages

Cash Booo

The document provides bank transaction details for Sheba for the month of December 2020 including receiving cheques from customers, paying a supplier, a customer paying a debt, receiving and later returning a cheque, and paying utilities. The cash book is to be prepared from this information with the balance brought forward to January 2021.

Uploaded by

anmitchell586
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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4. On 1 December 2020, Sheba’s bank balance was $3 700 credit. The transactions for the month

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of December 2020 were as follows:

December 5 Received and banked a cheque, $10 950, from M. Merick, a credit customer. He
had deducted a trade discount of $270.

7 Paid a cheque to Fray Ltd, a supplier, in full settlement of his account of $4 800
less 2% cash discount.

9 Harry, a credit customer, paid his debt of $5 000 by cheque after deducting a
cash discount of 5%.

20 Received $4 000 by cheque from D. Armstrong.

21 Paid utilities by cheque, $1 200.

26 The bank returned the cheque received from D. Armstrong as he did not have
sufficient funds.

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(a) Use the form provided on page 19 to prepare the cash book for the month ending
31 December 2020. Bring down the balance on 1 January 2021.
(11 marks)

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01239020/J/CSEC 2021
‘‘*’’Barcode Area”*”
Sequential Bar Code
DO NOT WRITE IN THIS AREA DO NOT WRITE IN THIS AREA DO NOT WRITE IN THIS AREA

Cash Book

Discount Bank Discount Bank


Date Details Date Details
$ $ $ $

01239020/J/CSEC 2021
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Sequential Bar Code


‘‘*’’Barcode Area”*”
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