Question
Dallas farms had the following transactions for the month of March, 2022. The Balance Brought forward from June for the month of March is K5
Dallas farms had the following transactions for the month of March, 2022. The Balance Brought forward from June for the month of March is K5 500 On 2nd March, bought day old chicks worth K15 000 from Hybrid poultry farms. Cheque no. 10140 was used. On 5th March, bought safety clothing for the workers from HandyMans paradise valued at K12 000. Cheque no. 10141 was used. On 15th March, sold 500kgs of chickens to Shop rite at K20/kg On 20th March, exchanged maize worth K30 000 for Stock feed worth K10 000 with Novatek feeds. Traded-in an old tractor worth K45 000 for a new one valued at K150 000 with SARO on the 22nd March. On 25th March, bought a computer from i-net computers valued at K5000 VAT exclusive. VAT is charged at 16%. On 30th March, sold an old pump to DAR farms at K7 000 VAT inclusive. VAT is charged at 16%. Assuming that these were all the transactions for the month of March, 2022 for Dallas farms: a) Prepare a Cash Analysis Book (CAB) for Dallas farms for the month of March. b) Balance off the CAB prepared in (a) c) What is the Balance brought forward for the month of April, 2022?
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