Note; Answer the following Question (a) and (b) based on the Attachment screenshot given

Question:

(a) Based on the transactions below, post the items to the TWO (2) relevant accounts in the Purchase and Sales ledgers.

2020

2-July Credit Purchases from Jalil RM 2,500.

3-July Credit Sales to Jenab RM 2,400.

7-July Goods return by us to Jalil RM 600 (Debit Note issued).

8-July Goods return to us by Jenab RM 500 (Credit Note issued).

14-July Credit Purchases from Jalil RM 1,100.

15-July Credit Sales to Jenab RM 1,000.

(b) Below are the ratios in accounting. Briefly explain the uses of the following:

i. Return on Capital Employed (ROCE).

ii. Current ratio.

iii. Inventory turnover.

iv. Earnings per share (EPS).

v. Price / earnings ratio (P/E).

a) Prepare a three-column cashbook based on the information below. 2020 July 1 Balances brought forward: Cash RM 215, Bank RM 390 (Credit balance). July 3 Paid creditor by cheque; Delilah RM440 (before discount) and received a 5% discount on invoice totals. July 13 Received cheques from customers, Misha RM 264, allowing a 2.5% discount. July 25 Cash withdrawn from bank for personal use RM 50. (10 marks) b) The bank columns in the cash book for July 2020 and the bank statement for that month are as follows. Draw up a bank reconciliation statement as at 31 July 2020. (15 marks) CASH BOOK - BANK COLUMN ONLY RECEIPTS PAYMENTS DATE DETAILS RM DATE DETAILS RM July-20 July-20 Balance bid 856.20 21 50.00 3 Kemas 220.00 2 Bustaman 230.00 15 Mohar 330.00 2 Ghaz 10.00 31 Pertam 73.00 Munah 37.50 14 Lamin 89.00 14 Fatin 49.00 15 Kamus 250.00 26 Bond Insurance 122.00 31 Balance old 641.70 1,479 20 1,479.20 31-July Balance bid 641.70BANK STATEMENT RM RM RM Date Details Debit Credit Balance July-20 1 Balance 856.20 4 Cheques 220.00 1,076.20 9 4450 50.00 1,026.20 14 4452 10.00 1,016.20 16 MPPJ 89.00 927.20 19 Cheques 330.00 1.257.20 24 4455 250.00 1,007.20 26 Takaful 122.00 8.85.20 30 4454 49.00 836.20 31 Bank Charges 22.95 813.25 31 Raul Son Bhd 279.75 1.093.00