13 Question 1 The following information obtained from Zulu Sdn. Bhd for the month of October 2021: Date Particular Oct 1 Cash balance : RM300. Balance at bank : RM20,000 2 Withdrew RM500 cash from bank for business purpose. Purchased goods of RM1,500 from Jack, paid by cheque. Credit sales worth RM800 to Tom. Purchased goods of RM600 from Jack, paid by cash. Purchased goods costing RM1,200 on credit from Gary 15 Received cheque from Tom to pay off his debt with 8% discount allowed. Cash sales of RM2,400. Paid off entire amount owing to Gary by cheque and received 5% discount. 27 Purchased goods of RM 1,500 from Annie on credit. 30 Deposited RM2,000 cash into the bank. Required: ( Prepare the three-column cash book to record the above transactions of Zulu Sdn. Bhd. (15 marks) (b) Explain THREE (3) purposes of preparing a cash book. (6 marks) (c) Describe the differences between a trade discount and a cash discount (4 marks) [Total: 25 marks) can also 19 26 (a)