QUESTION TWO A

(2A) Draw up a three column cash book for the following transactions for Ms. Eliza and Sons (10 marks) September 1. Opening bank balance Ghc 5000, cash balance 1,200 September 4. Owner added additional capital by paying cheque of Ghc 5,000 September 10. Bought Ghc 2,000 goods for cash, discount received, 10% September 15. Withdrew Ghc 1,000 from bank for business use. September 16: Sold goods worth Ghc 2,000 for cash and banked it immediately September 20: Paid penalty of GHC 500.00 by cheque to for filing returns late September 30: We refunde Nd Ghc 200 cash to a customer for returning one of the goods he bought

QUESTION TWO A (2A) Draw up a three column cash book for the following transactions for Ms. Eliza and Sons (10 marks) September 1. Opening bank balance Ghc 5000, cash balance 1,200 September 4 . Owner added additional capital by paying cheque of Ghe 5,000 September 10. Bought Ghe 2,000 goods for cash, discount received, 10% September 15. Withdrew Ghc 1,000 from bank for business use. September 16: Sold goods worth Ghc 2,000 for cash and banked it immediately September 20: Paid penalty of GHC 500.00 by cheque to for filing returns late September 30: We refunde Nd Ghc 200 cash to a customer for returning one of the goods he bought