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Question No 4: (10 Maries) Mr. Nazeer a sole trader uses a three-column cash book for his business. On February 1, 2020, he has cash
Question No 4: (10 Maries) Mr. Nazeer a sole trader uses a three-column cash book for his business. On February 1, 2020, he has cash on OMR 30,000 and a bank overdraft in Bank (HBL) OMR 3,000. During the month he completed the following transactions: Feb. 4: Deposited cash into bank OMR 10,000 Feb. 11: Withdrew cash OMR 3,000 from the bank for personal use Feb. 15: Issued a cheque for OMR 7,000 to Mr. Abdulnazar in full settlement of his account OMR 8,000. Feb. 21: Received a cheque of OMR 10,900 from Mr. Hatem in full settlement of his account OMR 12,000. Feb. 26: Purchased Government Bonds for OMR 5,000 Feb. 27: Deposited Hatem's cheque into the bank. Feb. 28: Cash advance of OMR 80 for traveling given to the salesmen. Feb. 28: Gave a cheque to Muscat Media for Advertisement OMR 100 Feb, 29: Received cash OMR 3,500 from Jawahir in full settlementof due amount OMR. 3,700. Feb. 29: Paid salaries OMR 8,000 in cash. You are required to construct a three column cash book for the month of February 2020
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