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Js2 Project

The document is an assignment for JS2 students at Marywood Girls College, requiring them to create a three-column cash book for Globe Enterprises based on transactions from January 1996. It lists various financial transactions including cash receipts, payments, and bank activities, all recorded in Naira. Students are instructed to attempt all questions related to the cash book preparation.

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8 views1 page

Js2 Project

The document is an assignment for JS2 students at Marywood Girls College, requiring them to create a three-column cash book for Globe Enterprises based on transactions from January 1996. It lists various financial transactions including cash receipts, payments, and bank activities, all recorded in Naira. Students are instructed to attempt all questions related to the cash book preparation.

Uploaded by

Michael
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

MARYWOOD GIRLS COLLEGE

31 FRANKLIN STREET EBUTE METTA (WEST) LAGOS


SECOND TERM 2023/2024 ACADEMIC SESSION
SUBJECT: BUSINESS STUDIES TAKE HOME PROJECT CLASS: JS2
INSTRUCTION: Attempt All Questions
Write up a three-column cash book from the details of transactions carried out by Globe Enterprises in
the month of January 1996. The transactions were carried out in Naira

1. Bal b/d - cash 500, bank 13,000


2. Received cash from Ojo 500
3. Bought goods for cash 460
4. Bought motor van and gave cheque 150
5. Cash withdrawn from bank 300
6. Paid wages in cash 70
7. Cash drawings 100
8. Cash sales paid directly into the bank 980
9. Paid the following account by cheque less 10% discount in each case: Bisi 200, Ayo 250 and Esan
340
10. The following paid us their accounts by cheque in each case, deduction 2.5% discount: Biodun
200, Theresa 360
11. Received another payment from Ojo 50
12. Paid Zane 90 by cheque
13. Cash sales 200
14. Paid rent in cash 18
15. Received commission in cash 120
16. The following person paid us their accounts by cheque in each case deducting 5%discout: Uson
500, Sofola 120, Jaja 440
17. Segun sent us a cheque of 78 having deducted 2 cash cash discount

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