THREE COLUMN CASH BOOK EXERCISES

EXERCISES ON THREE COLUMN CASH BOOKS:

Question 5: From the following details, prepare a three-column cash book, (along with Ledger Folio), for the month of
May 2023, balance off at the end of the month and bring down the balance
May 1 Balance brought forward from April 2023: Cash P8 000 Bank P10 000.
May 2 Bought fixtures paying by EFT P1 000
May 2 Bought goods paying by bank P1200
May 3 Cash sales P1000
May 4 Paid rent by cash P200
May 5 Motau (a trade debtor) paid us (business) his account P500; by EFT for P490 and we (business) allowed
him a cash discount of P10.
May 7 We (business) paid Thomson (a trade creditor) P800 owed to him; by bank for P760 and he allowed us
(business) a cash discount of P40.
May 9 Pule (a trade debtor) paid us (business) his account P400; by EFT for P380 and we allowed him a cash
discount of P20.
May 12 Paid rates by EFT P400
May 14 Charles (a trade debtor) paid us (business) by bank P125
May 16 Paid Morris (a trade creditor) his account of P600; by cash P580 and he allowed us a cash discount of
P20.
May 20 John (a trade debtor) paid us (business) his account P300; by EFT for P290 and we allowed him a cash
discount of P10.
May 31 Cash sales P250
Question 6: From the following details, prepare a three-column cash book, (along with Ledger Folio), for the month of
March 2023, balance off at the end of the month and bring down the balance
March 1 Balance brought forward from February 2023: Cash P3000; Bank P5000.
March 2 We paid each of the following accounts (trade creditors) by EFT, in each case we (business) deducted a
cash discount of 5%; Sam P80; George P260; Motau P440
March 4 Paul (a trade debtor) paid us (business) by EFT P100.
March 6 Cash sales paid directly into the bank P60.
March 7 Paid insurance by cash P90.
March 9 Following persons (trade debtors) paid us (business) their accounts by bank, in each case they deducted
a cash discount of 2 ½%. Samantha P160; Samson P640; Pearly P520
March 12 Paid motor expenses by cash P100
March 18 Cash sales P140
March 21 Paid salaries by bank P150.
March 23 Paid rent by cash P150.
March 28 Received a EFT for P500 as loan from Molefhe
March 29 Withdrew cash from the bank for business use P400.
March 31 Bought stationery by cash P350

Question 7: Enter the following transactions in a three-column cashbook, (along with Ledger Folio), for the month of
January 2024, and balance off at the end of the month and bring down the balance.
January 1 Balance brought forward from December 2023: Cash P 7000; Bank P10 000
January 1 Deposited P3 000 from the cash box into business bank account
January 2 Received P8 000 by EFT from Peter as loan
January 8 The following persons (trade debtors) paid us (business) by EFT their accounts as shown below; in each
case deducting a 5% cash discount: John P3000; Peter P400; Prince P100.
January 9 Withdrew cash from the bank for business use P400
January 20 We (business) paid the following accounts (trade creditors) as shown below, by bank, in each case
deducting 5% cash discount: Lucy P600; Simpson P900; Marshall P400
January 22 Cash sales P450
January 23 Bought motor vehicle by EFT P8 000.
January 30 Paid rent by cash P450
January 31 Proprietor withdrew cash P200 for personal use
Question 8: Enter the following transactions in a three-column cashbook, (along with Ledger Folio), for the month of
January 2024, and balance off at the end of the month and bring down the balance.
January 1 Balance brought forward from December 2023: Cash P3000; Bank P5000.
January 6 Cash sales paid directly into the bank P85.
January 10 Deposited P500 from the cash box into business bank account
January 12 Paid motor expenses by cash P150
January 15 Received EFT for P400 as loan from Kabelo.
January 16 Following persons paid us their accounts by bank, in each case they deducted a cash discount of 10%.
Wame P190; James P850; John P550
January 18 Bought stationery by cash P25
January 20 Paid insurance by cash P65
January 21 Cash sales P120

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January 22 We paid each of the following accounts by EFT, in each case we deducted a cash Discount of 5%; Adam
P500; Eve P700; Lorato P480
January 23 Paid salaries by bank P350
January 28 Paid rent by cash P50
January 30 Withdrew cash from the bank for business use P250.