A three-column cash book for a wine wholesaler is to be written up from the following details,
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A three-column cash book for a wine wholesaler is to be written up from the following details, balanced off, and the relevant discount accounts in the general ledger shown.
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20X8 Mar 1 Balances brought forward: Cash £620; Bank £7,142. "1 2 11 "1 "1 The following paid their accounts by cheque, in each case deducting 5 per cent cash discounts: G Slick £260; P Fish £320; T Old £420 (all amounts are pre-discount). Paid rent by cheque £430. F Black lent us £5,000 paying by cheque. 8 We paid the following accounts by cheque in each case deducting a 2¹/2 per cent cash discount: R White £720; G Green £960; L Flip £1,600 (all amounts are pre-discount). 10 Paid motor expenses in cash £81. 4 6
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Related Book For
Frank Woods Business Accounting Volume 1
ISBN: 9780273681496
10th Edition
Authors: Frank Wood, Alan Sangster
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