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Question 5 a). Write up a two-column cash book for a second hand bookshop from the following during the month of November 2020. 1* Balance
Question 5 a). Write up a two-column cash book for a second hand bookshop from the following during the month of November 2020. 1* Balance brought forward from last month: cash (2950; bank 4,240 2nd Cash sales 3,100 3rd Took $2,000 out of the cash till and paid it into the bank 4th F. Bell paid us by cheque 194 5th Paid for postage stamps in cash 80 6th Bought office equipment by cheque 310 7th Paid L. Root by cheque 940 11th Withdrew 1,500 from the bank for business use 12th Paid wages in cash 400 13th Cash sales 430 14th Paid motor expenses by cheque 810 16th J. Bull lent us 1,500 in cash 20th K. Brown paid us by cheque 174 28th Paid general expenses in cash 350 30th Paid insurance by cheque 320 11 marks b). The bank balance in the cash book and that of the bank statement may disgrace because of informational and timing differences. Explain. 9 marks (Total 20 marks)
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