On 1st January 2011 Mulei Traders had 180,000 cash in hand and a bank credit balance of sh 57,500. during the month the following transactions took place (10mks)3rd cash sales sh 21,800 4th A debtor settled his account of sh 90,000 by cheque 10th Paid salaries sh 40,000 in cash 12th Took cash sh 3500 to settle a personal debt 23rd Received a cheque shs 8460 from Nganda wholesalers after deducting 6% cash discount 24th Deposited sh 10,000 in the bank from office cash 25th Purchased stock worth sh 8950 on credit from Ngumo distributors 26th Cash sales banked directly sh 38,000 27th A cheque received on 4th from debtor was dishonoured. The bank charged him sh 2500 29th Settled creditors account sh 6000 by cheque less 3% cash discount 31st Banked all cash except sh 40,000 Required:Prepare a three column cash book dully balanced (10mks)
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Kirui Traders had the following balances as at 31st Dec 2010
Given that the rate of stock turnover is 3;
a) Calculate the cost of goods sold (2mks)
b) Calculate the gross profit (2mks)
On 1st January 2011 , Jumo Traders had shs 22,500 in cash and shs 250,000 at bank.During the month, the following transactions took place:
Prepare a duly balanced three column cash book. (10 marks)
Below are some entries in the cash book of Romano Traders for the month of July 2010.
State the meaning of the following entries:
(a) July 1, 2010 Balance b/d, bank column, shs 100,000 (b) July 6, 2010 cash shs 20,000 and bank shs 20,000 (c) July 28, 2010 debtors shs 20,000 (d) July 31, 2010 Balance c/d shs 10,000
Meaning of the entries:
On 1st January 2007, Muthoni Traders Cash Book showed a credit balance of Ksh 150,000 at the bank and a debit balance of Ksh 25,250 in hand. During the month, the following transactions took place:
Prepare a Two-column Cash Book for the month. (5 marks)
a) On first January 2012, Ndovu Traders had shs 30,000 in cash and shs 75000 at the bank. During the month, the following transactions took place:
Prepare a duly balanced three column cash book. (12 marks) Expected Response
The following balances were extracted from the books of Kl00 Traders for the year ended 30th June 2008.
Additional information:
(i) Stock on 30th June 2008 was valued at shs 120,000. Prepare: (i) Trading, Profit and Loss accounts for the year ended 30th June 2008. (9 marks) (ii) Balance sheet as at 30th June 2008. (5 marks) 
Give two reasons why a three column cashbook is used both as a journal and a ledger.
Kazim maintains a petty cashbook on a weekly interest of Kshs 13,000 on 1st April 2007 the cash balance was Kshs 2,570, During the week of April, the following transactions took place
2007
The following is a format of the debit side of a three-column cash-book:  Name the columns labelled V, W, X and Y. (4 marks) Expected Response On 1 September 2006, Igonji had Sh55 000 in hand and Sh 250 000 at bank.During the month, the following transactions took place:
Outline the meaning of the following terms as used in accounting:(a) Contra entry ,(b) Cash discount13/12/2020 Outline the meaning of the following terms as used in accounting: (a) Contra entry , (b) Cash discount
(a) Contra entry:- This is a transaction affecting both sides of a two/three column cash book simultaneously. It is indicated by letter ‘C'.
(b) Cash discount:- This is a reduction/allowance given to a buyer by the setter for making prompt payment. 
On 1 January 2006, Mzalendo Traders sh.180000 in cash and sh.170000 at bank.During the month, the following transactions took place:
2006
January 10 paid ABM Traders sh.25, 000 by cheque less sh.1000 Cash discount. 16 Sold goods for sh. 14,000 cash, less 5% discount 31 Banked all the cash except sh.5200 Enter the above transactions in cash book extract given below and balance it off.(5mks) 
The following information was extracted from the books of Mamboleo Traders in the month of September, 2014.
Required:
Prepare a two column cash book. (10 marks) Expected Response
On 1st January 2015, Ndovu Traders had Ksh 30,000 in cash and Ksh 75,000 at the bank.
During the month, the following transactions took place:
Expected Response
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