Preparation of Three-Column Cash Book - SS1 Accounting Lesson Note
The following are transactions for Simba jewellery shop for the month of June 2022:
₦
June 1: started business with cash 50000
June 1: started business with cheque 20000
June 2: Sold a gold ring to a customer 5000
June 3: Purchased a new jewellery collection from a supplier by cheque 10000
June 4: Sold a necklace, and a cash discount ₦20 was given for paying by cheque 4600
June 6: Received cheque from a supplier for a faulty jewellery item 1000
June 8: Purchased new display cases for the store, and a ₦100 discount was given 3500
June 10: Sold a diamond bracelet to a customer by cheque 2700
June 12: withdrew cash from the bank by cheque 14000
June 15: received cash from the sale of silver necklace 1350
June 17: Paid rent for the month of June 6000
June 20: Sold a set of pearl earrings to a customer with ₦ 200 discount 1200
June 22: Purchased a new camera for store 5500
June 24: Sold a diamond pendant to a customer by cheque 3800
June 27: Received cheque payment from a corporate client 6000
June 30: Purchased new packaging materials for the store 1500
Answer:
Simba Jewelry Shop Three-Column Cash Book
For the month of October 2022
|
Debit (Dr) |
Credit (Cr) |
||||||||||
|
Date |
Particulars |
Folio |
Discount Allowed |
Cash |
Bank |
Date |
Particulars |
Folio |
Discount Received |
Cash |
Bank |
|
June 1 June 2 June 4 June 6 June 10 June 12 June 15 June 20 June 24 June 27 |
Balance Ring Necklace Cheque Bracelet Bank Necklace Earrings Pendant Cheque |
b/d C |
20 200 |
50000 5000 14000 1350 1200 |
20000 4600 1000 2700 3800 6000 |
June 3 June 8 June 12 June 17 June 22 June 30 |
Jewellery Cases Cash Rent Camera Packaging |
C |
100 |
3500
6000 5500 1500 |
10000 14000 |
|
June 30 |
Balance |
c/d |
55028 |
14100 |
|||||||
|
220 |
71550 |
38100 |
100 |
71550 |
38100 |
||||||
|
July 1 |
balance |
b/d |
55028 |
14100 |