Question
Question 2 (a) John had cash in hand of RM88 and a balance at bank of RM376 on 1 June. The following transactions took place
Question 2 (a) John had cash in hand of RM88 and a balance at bank of RM376 on 1 June. The following transactions took place during June: 1 June 2 June 5 June 7 June 8 June 8 June 10 June 11 June 15 June Cheque received from Gary RM600; he has deducted RM30 cash discount Purchased goods for cash RM308 Purchased goods for cash RM613 Cash sales RM845 Cheque received from Terry RM210; he has deducted RM12 cash discount Cheque received from Tanya RM120; she has deducted RM8 cash discount Paid Brothers Ltd RM40 by cheque Cash sales RM466 Paid RM250 cash into the bank account REQUIRED: Prepare Johns THREE-COLUMN CASH BOOK for the period of 1 15 June and balance the cash book. (20 marks) (b) Identify 3 users of accounting information and explain why they need the accounting information. (
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