Question 6 (10 marks)

Record the following information in a two-column cashbook.

a. 01/01/20 Loago started business with P50, 000 and deposited it in the bank.

b. 02/01/20 Loago bought office furniture P10, 000 cheque.

c. 03/01/20 Cashed P3, 000 from the Bank

d. 04/01/20 Bought goods on credit P10,000 from Tema pty

e. 05/01/20 Sold goods by cash P9,000.

f. 08/01/20 Cash banked P9,000

g. 09/01/20 Part paid Tema pty 4,000 cheque.

h. 10/01/20 Paid rent P5,000 cheque

i. 11/01/20 Bought airtime P200 cash

Question 8 (6 marks)

Calculate the breakeven point in units from the following information by using the equation.

Fixed costs P60 000

Selling price per unit P80

Variable costs per unit P60