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

1. (a)Prepare the bank and discount columns of the cash book for September 2017. Balance the bank column and bring down the balance on 1 October 2017. Cash Book (extract) Date Details Discount $ Bank $ | Date Details Discount $ Bank $[7]
2. (b)The books of Keung show a total discount received of $275 for the eleven months from 1 October 2016 to 31 August 2017. REQUIRED Prepare the discount received account for the year ended 30 September 2017. Show the year end transfer to the appropriate financial statement. Discount Received account Date Details $ | Date Details $[3]
3. (c)Name the sub-division of the ledger which will contain the following accounts. Discount allowed Tansley Sub-division[2]
4. (d)Keung provided the following summary of his general expenses for the year ended 30 September 2017. $ 1 October 2016 Accrued general expenses 700 Year ended 30 September 2017 Total general expenses paid 4300 30 September 2017 Prepaid general expenses 1100 REQUIRED State the amount of the general expenses which would be recorded in each of the following. Trial balance before year end adjustment Income statement $ Statement of financial position at 30 September 2017[3]
5. (e)Name the following documents used by Keung. A written acknowledgement of money received A demand for payment A summary of transactions for a period issued to a customer Document[3]
6. (f)(i)Keung prepares his ledger accounts using the T account format. REQUIRED Name an alternative format for the preparation of ledger accounts.[1]
7. (f)(ii)State one advantage of using this alternative format.[1]