Use the transactions shown below, answer the respective questions shown at the end of the transactions: :

Jan. 1. Cash in hand 50,000.

Jan 2. Paid cash into the bank 10,000.

Jan 3. Bought goods from Henry for 200 in cash.

Jan 4. Bought goods for 2,000 paid cheque for them, discountallowed being 1%

Jan 5. Sold goods to Albert for cash 250.

Jan 6. Received a cheque from Inge to whom goods were sold for 800. He provided discount

allowed of 12.5%

Jan 8. Purchased an old computer for 200 by cash. Spent 50 on its repairs paying by cash. Jan 10. Received cash for 25 from Henry.

Jan 11. Shyam settled his account by means of a cheque for 820

Jan 12. Withdrew from bank for business use 10,000.

Jan 18. Paid trade expensed by cheque 1,000

Jan 22. Withdrew cash from the Bank for personal use . 1,000.

Jan 24. Paid for trade expenses 2,000 in cash.

Jan 25. Withdrew from bank for private expenses 1,500.

Jan 26. Purchased machinery from Canton for 5,000 and paid him by means of a cheque

Jan 27. Issued cheque to R.Saran for purchase of furniture 1,575.

Jan 28. Received a cheque for commission 500 from R. & Co. and deposited into bank.

Jan 30. Received payment of a loan of 5,000 in cash and deposited 3,000 out of it into bank. Jan 31. Paid rent to landlord Modern by a cheque of 500.

(a) (b)

(c) (d) (e)

3. The

Prepare a Three Column Cash Book from the following transactions

Explain the primary goal of maintaining a cash book. Use a case study company of your own choice to demonstrate how such a goal (Your arguments must only relate to the main goal of a cash book) can be attained. Provide examples as approperiate

Clearly explain how a cash book can be integrated in the extraction/development of the Trial Balance

Are trade discounts included in the cash book? If not or if yes, explain why

Are credit transactions included in the cash book?