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9 marksBooks of Original Entry and Discounts

CSEC Principles of Accounts · May/June 2017 · Paper 2 · Question 2(b)(ii)

Phoenix Processors records weekly cash flows. Information for the first week of July 2016 is presented in a cash flow extract, followed by additional transactions for the remainder of July.

Prepare the two-column Cash Book of Phoenix Processors for the month of July 2016, incorporating the transactions of the first week and the remainder of the month.

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Other parts of this question

  1. 2(a)(i)Using the provided ledger accounts, identify one example of each of the following types of accounts: Nominal Account, Personal Account, Current Liability,…[5 marks]
  2. 2(a)(ii)Write a narrative explaining the transactions occurring on each of the specified dates: 01 May, 03 May, 06 May, and 07 May.[5 marks]
  3. 2(b)(i)State what kind of entry is represented by the transaction on 03 July 2016.[1 mark]

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