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