O-LevelAccountingSources and recording of dataOct/Nov 2017Paper 2 Q120 Marks
On 1 September 2017 the balance of the bank column in Keung's cash book was $1900 debit. The transactions for the month of September 2017 were: September 5 Received and banked a cheque, $830, from Cello, a credit customer. He had deducted $20 cash discount. 8 Paid general expenses by cheque, $725. 14 Francis, a credit customer, paid his debt of $2000 by cheque after deducting a cash discount of 3%. 23 Received and banked a cheque from Alice, a credit customer, $300. 26 Paid a cheque to Tansley, a supplier, in full settlement of his account of $3500 less 2% cash discount. 29 The bank returned the cheque received from Alice on 23 September as dishonoured. REQUIRED
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