Question
i need help with a question for accounting. Q. 4A three-column cash book is to be written from the following details, balanced off and the
i need help with a question for accounting.
Q. 4A three-column cash book is to be written from the following details, balanced off and the relevant discount accounts in the general ledger is to be shown.
2008
Mar1Balances brought forward: cash $230; Bank $4,756.
"2The following paid their accounts by cheques, in each case deducting 5% cash
discount: R Burton $140; E Taylor $220; R Harris $300.
"4Paid rent by cheque $120.
"6J Cotton lent us $1000 paying by cheque.
"8We paid the following account by cheques, in each case deductingcash
discount: N Black $360; P Towers $480; C Rowse $800.
"10Paid motor expenses in cash $44.
"12H. Hankins pays his account of $77, cheque of $74, deducting $3 cash
discount.
"15Paid wages in cash $160.
"18The following paid their accounts by cheques, in each case deducting 5%
cash discount: C Winston $260; R Wilson & son $340; H Winter $460.
"21Cash withdrawn from the bank $350 for business use.
"24Cash Drawings $120.
"25Paid T Briers his account of $140, by cash $133, having deducted $7 cash
discount.
"29Bought fixture paying by cheque $650.
"31Received commission by cheque $88.
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