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a. The following information was extracted from Twala books ofaccount; June 1 Started a business with 50,000 in the bank 2 Bought motor van paying
a. The following information was extracted from Twala books ofaccount; June 1 Started a business with 50,000 in the bank 2 Bought motor van paying by cheque 12,000 3 Bought fixtures of shs.400 on credit 4 Bought a carpet paying on credit worth shs. 8,000 5 He took shs. 1000 to the bank and put it into cash A/C 10 Paid cash to a van shs. 10,000 17 He took a loan of shs. 10,000 for paying creditor 23 Paid shs. 8,000 on cash to his bank from debtors 26 Bought more fixtures by cheque Required; Post the above transactions to the ledger accounts. (10 Marks)
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