cash book

Get your Assignment in a Minimum of 3 hours

Our academic experts are ready and waiting to assist with any writing project you may have. From simple essay plans, through to full dissertations, you can guarantee we have a service perfectly matched to your needs.

Free Inquiry Order A Paper Now Cost Estimate

Mr. Ali has started business as a trader on 1 October, 2020. The following transactions and events of trading for his first month are as follows:

Date Transaction

1 Started the business by introducing $1,800,000 into the business bank account.

2 Rent is paid by cheque $60,000 for the month.

8 Mr. Ali paid $120,000 in cash for a van.

10 Mr. Ali purchased goods costing $72,000 on credit from Adam (invoice no Adam123).

12 Mr. Ali sold goods for $240,000 in cash.

15 Mr. Ali sold goods for $165,000 on credit to Jack (invoice no Jack001)

24 Mr. Ali paid the amount, taking advantage of a 10% settlement discount with respect to invoice no. Adam123.

25 Jack paid to Mr. Ali, taking advantage of a 8% settlement discount with respect to invoice no. jack001.


1- Enter the above transactions into an appropriate cash book (receipts and payments).

2- Post the transactions directly to the appropriate nominal ledger accounts.

3- Prepare the trial balance as at October 31, 2020. Answer 2 Scenario Questions Accurately Now BUY A NEW 100% ORIGINAL COLLEGE PAPER EFFICIENTLY

"Is this question part of your assignment? We Can Help!"

Save your time - order a paper!

Get your paper written from scratch within the tight deadline. Our service is a reliable solution to all your troubles. Place an order on any task and we will take care of it. You won’t have to worry about the quality and deadlines

Order Paper Now

"Our Prices Start at $11.99. As Our First Client, Use Coupon Code GET15 to claim 15% Discount This Month!!"

Get Started