FORM TWO BK REVISION QUESTIONS ALL TOPICS
CHAPTER ONE RECORDING CASH TRANSACTION
1. Kavishe is a businessman who deals with selling stationeries. The following transactions were carried out by Kavishe. Draw up a cash account and balance the account at 30th November 2021
1/11/2021 Started business with capital in cash 800,000
2/11/2021 Cash purchases 450,000
2/11/2021 Paid cash for rent 95,000
3/11/2021 Cash sales 280,000
8/11/2021 Bought goods in cash 150,000
8/11/2021 Paid cash for carriage inwards 30,000
9/11/2021 Sold goods for cash 125,000
9/11/2021 Paid cash for postage 15,000
18/11/2021 Purchased goods in cash 115,000
20/11/2021 Paid transport charges in cash 20,000
25/11/2021 Cash sales 200,000
28/11/2021 Paid wages in cash 120,000
2. Bokinafaso is a wine wholesaler. From the following details prepare a bank ac