(b) Prepare the accounts of Moloi stores & T. Nekundi.

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 Three column Cash - book

Date Details Discount Cash Bank Date Details Discount Cash Bank
2014 Allowed $ $ 2014 $ received $ $
$ $
April 1 Balance b/d 75 April 1 Balance b/d 2190
8 5

Sales ledger
Moloi stores (customer)
$ $

Purchase ledger
T. Nekundi (supplier)
$ $

2
2.

Cash book

Date Details Discount Cash Bank Date Details Discount Cash Bank
2011 allowed $ $ 2011 $ received $ $
$ $
Oct 1 Balance b/d 650 3200

3
(b) Prepare the following ledgers

Sales ledger

Justin account
$ $

Hercules account
$ $

Munira account
$ $

Nominal ledger

Sales account
$ $

Wages account
$ $

Discount allowed account

$ $

Purchases account
$ $

4
3.

Cash book

Date Details Discount Cash Bank Date Details Discount Cash Bank
2015 allowed $ $ 2015 $ received $ $
$ $

5
(d) Prepare the account of shahid Ayuob in Mariam Soliman books

Purchase ledger

Shahid Ayoub account

$ $

6
4.

7
8
5.

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 Petty cash book

Total Date Details Total Postage & General Ledger

received Paid stationary expenses accounts
$ $ $ $ $
23 April 1 Balance b/d

Cash book

Date Details Discount Cash Bank Date Details Discount Cash Bank
2016 Allowed $ $ 2016 $ received $ $
$ $
April 1 Balance b/d 210 April 1 Balance b/d 1437

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6.

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b) It’s a fixed amount given by main cashier to petty cashier for small cash payments.
Whatever the amount spend on expenses is usually refunded by the main cashier at
the beginning of the next month / week.

C) By mainataining imprest system petty cashier can control expenses as he has a

limited amount for spending

It reduces the chances of fraud & embezelment.

(d) $88

(e ) Travelling expense will be debited by $11, whereas petty cash is credited by $11

N. Jones & W. Smith will be debited by $21 & $18 respecively, whereas petty cash is
credited by $39

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7.

Petty cash book

Total Date Details Total Office Travel Cleaning Ledger

received Paid expenses $ $ accounts
$ $ $ $
April 1 Balance b/d

(b) (i) State the amount which was received on 1 September 2019 when the petty cash was restored to
the imprest amount.

(ii) State the double entry for restoring the imprest amount.

Date Details Dr. Cr.

$ $

(c) Show the entries which were made in the following accounts on 31 August 2019. It is not necessary to
total or balance the accounts.

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Office expense account
$ $

Omar account
$ $

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8.

Cash book

Date Details Discount Cash Bank Date Details Discount Cash Bank
2019 Allowed $ $ 2019 $ received $ $
$ $
Aug 1 Balance b/d Aug 1 Balance b/d

(b) State the meaning of the balance in the bank column in the cash book on 1 August 2019.

(c) State the meaning of the entry made in the cash book on 2 August 2019.

(d) Explain the entries made in the cash book on 30 August 2019.

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