It is a Part Two!
I believe my students have already mastered the cashbook topic (for now). You should because this is your pass mark. If you manage to solve or answer this cashbook question, the rest of the questions in the final exam will be your scoring marks!.
This cashbook topic actually test you basic recording of Debits and Credits. The tip is, whatever journal entries having either cash or bank in any debits or credits, these transactions should go into the cashbook. For example, cash sales, sold to Ali by cheque, purchase stationeries paid by cheque, payment to creditors by cash.... As long as the transactions are made by either cash or cheque, then they are cashbook materials.
If the transactions do not have any word cash or bank, then don't bother! For example, purchase supplies from Ahmad on credit, then the debit and credit will not appear as there is none involving cash or bank. You get me?
Very well, now, download this and start doing it....
Required:
- Download the required document.
- Print it.
- Attempt all the questions.
- Bring them to class for discussion.
Potential marks ♥♥
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