Record the following information in a two-column cashbook.

a. 01/01/20 Loago started business with P50, 000 and deposited it in the bank.

b. 02/01/20 Loago bought office furniture P10, 000 cheque.

c. 03/01/20 Cashed P3, 000 from the Bank

d. 04/01/20 Bought goods on credit P10,000 from Tema pty

e. 05/01/20 Sold goods by cash P9,000. f. 08/01/20 Cash banked P9,000

g. 09/01/20 Part paid Tema pty 4,000 cheque.

h. 10/01/20 Paid rent P5,000 cheque

i. 11/01/20 Bought airtime P200 cash

 

Outline any five errors that cannot be detected by the trial balance.

Answer rating: 100% (QA)

Step 12 Introduction The cash book is prepared to ... View the full answer