3
EXERCISE 1
Amina gives the following information in related to her business for the month of March 2020;
2020
Mar Started business with MVR100,000 in the business bank account.
2 Purchased equipment by cheque, MVR10000.
4 Bought goods on credit from Ali, MVR1700.
7 Sold goods for cash, MVR2000.
11 Paid a cheque to Ali in settlement of his account of MVR1700.
25 Paid rent of premise by cheque, MVR 2000.
30 Deposited MVR1000 into bank account.
REQUIRED:
Write up the two-column cashbook and balance it off at the end of the month and bring down the
balance at 1 April 2020.
ANSWER:
CR
DR
Fathima
Two-Column cashbook
Cash Bank 2020 Details (Payments)
Cash
Bank
2020
Details (Receipts)
MVR
MVR
MVR
MVR
Mar
Mar

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