(This is a basic example, with

(This is a basic example, with neither a Payables Ledger nor a Receivables Ledger needed.) From the following transactions of Rachel Roberts, write up a cash book showing cash and bank transactions and ledger accounts for all other transactions. Prepare a trial balance at 7 October.

1 Oct Started the business by paying £9,000 into the business bank account and also providing £100 as an opening cash balance

 1 Oct Bought goods for resale with a bank transfer of £4,000 and paid £60 in cash for stationery

 2 Oct Sold goods for £600 (paid by bank transfer) and £280 cash

 3 Oct Paid a cheque for £30 for advertising and a cheque for £45 for printing

 4 Oct Paid rent by bank transfer, £100

 5 Oct Sold goods for £700 (paid by bank transfer) and £130 cash

 6 Oct Paid wages £260 cash. Owner withdrew £400 from the bank for personal use

 7 Oct A customer was given a refund by cheque £40 for faulty goods returned to the business

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