04-25-2011, 05:37 PM
I need a solution to this assingment
On 1st January 2000 Fabu Ltd started business with aim the aim of becoming a leader in the Phobia Market
The following were the transactions for January 2000
1/1/2000. Bank. 50,000(Cr)
1/1/2000. Cash. 20,000
Jan 1. Deposited cash into bank. 35,000
2. Cash sales. 37,000
3. Paid rent by cheque. 15,500
4. Withdrew cash from the bank for business use. 22,000
7. Received cheque from Dzi in payment of goods. 21,000
10. Banked 18,000 of the cash held by the company
17. Paid Kofi for goods bought on credit for 65,000 less 5% discount by cash
20. Paid wages in cash. 20,000
21. Bought fixtures by cash. 15,000
22 Ana paid us her account of 30,000 by cheque less 10% discount
23 Received a loan of 42,000 cash from AMA
24 paid Kwesi 10,000 by cash
25 withdrew cash to pay premium on the life policy of the general manager 30,000
Jan 27. Cash sales banked. 12,000
28. Lois paid us by cheque. 11,000
29. Received 31,000 from Esher by cash
19. Amando paid us his account by cash. 110,000
Write up a three column cash book for Fabu Ltd for January 2000
On 1st January 2000 Fabu Ltd started business with aim the aim of becoming a leader in the Phobia Market
The following were the transactions for January 2000
1/1/2000. Bank. 50,000(Cr)
1/1/2000. Cash. 20,000
Jan 1. Deposited cash into bank. 35,000
2. Cash sales. 37,000
3. Paid rent by cheque. 15,500
4. Withdrew cash from the bank for business use. 22,000
7. Received cheque from Dzi in payment of goods. 21,000
10. Banked 18,000 of the cash held by the company
17. Paid Kofi for goods bought on credit for 65,000 less 5% discount by cash
20. Paid wages in cash. 20,000
21. Bought fixtures by cash. 15,000
22 Ana paid us her account of 30,000 by cheque less 10% discount
23 Received a loan of 42,000 cash from AMA
24 paid Kwesi 10,000 by cash
25 withdrew cash to pay premium on the life policy of the general manager 30,000
Jan 27. Cash sales banked. 12,000
28. Lois paid us by cheque. 11,000
29. Received 31,000 from Esher by cash
19. Amando paid us his account by cash. 110,000
Write up a three column cash book for Fabu Ltd for January 2000