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The following were the balances of Kiboko Traders as at 1st January 2009. Cash Sh.40, 000, bank overdraft Sh.17, 000. During the month the following...
(Solved)
The following were the balances of Kiboko Traders as at 1st January 2009. Cash Sh.40, 000, bank overdraft Sh.17, 000. During the month the following transactions took place.
January 2nd: Mutes a debtor settled his account of Sh.32, 000 by cheque of Sh.30, 000
4th : Paid salaries amounting to Sh.16,000 by cash.
10th: Deposited Sh.12, 000 into the business bank account from the cash till.
14th: Settled Wayua’s account of Sh.40, 000 and she was allowed a discount of 1% through a cheque.
16th: Deposited Sh.56, 000 in the bank from private resources.
17th: Sold goods for cash Sh.24,000.
20th: Mutua, a debtor, settled his account by a cheque of Sh.16, 000 having been allowed a discount of 2%.
24th: Purchased furniture Sh.10, 400 paying by cheque.
26th: Received Sh.7, 200 cash from Odhiambo.
30th: Banked all the available cash except Sh.3200.
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Required: Prepare a three column cash for Kubuka Traders.
Date posted:
February 23, 2019
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Answers (1)
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February 23, 2019
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Date posted:
February 23, 2019
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List the documents used in international trade,giving the meaning and the purpose/importance of each.
(Solved)
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Date posted:
February 19, 2019
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February 19, 2019
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February 14, 2019
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February 14, 2019
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February 14, 2019
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February 14, 2019
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Date posted:
February 14, 2019
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February 14, 2019
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Date posted:
February 13, 2019
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February 4, 2019
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February 4, 2019
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Date posted:
January 15, 2019
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January 15, 2019
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January 15, 2019
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December 28, 2018
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Keith owned a motor vehicle valued at Sh.2,000,000.He comprehensively insured the car at Sh.1,200,000.The motor vehicle was involved in an accident and declared a write...
(Solved)
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Date posted:
December 4, 2018
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(Solved)
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Date posted:
November 30, 2018
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