Question
On 1st July 2014, Mau Traders had cash in hand shs 62000 and cash at bank shs 233000. Debtors and creditors were shs 60,000 and shs 78,000 respectively. The following transactions took place during the month
July 1 Received a cheque for shs 25000 from a debtor
18 Drew a cheque for shs 47000 in respect of creditors
25 Deposited all cash into bank.
Post the above transactions into respective ledger accounts and balance them off.
July 1 Received a cheque for shs 25000 from a debtor
18 Drew a cheque for shs 47000 in respect of creditors
25 Deposited all cash into bank.
Post the above transactions into respective ledger accounts and balance them off.
Answer
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