Q1.

Jan 1 Started business cash 100,000

Jan: 2 Bought office furniture by cheque 8,000
3 Bought goods for resals by cheque 80,000
4 Sold goods for cash 38,000
8 Paid cash for stationary 350
14 Sold goods for cheque 18,400
15 Paid cash for office cleaning 800
16 Withdraw chequ for personal use 5,000
17 Purchase good for cash 70,500
18 Withdraw cheque for office use 10,000
19 Sold goods for cash 52, 500
23 Paid salaries by cheque 8,100
25 Bank office cash 113,000
31 Sold goods for cash 19,000

Q2. Wise, a sole trader made the following transactions for the month of December, 2023

1. Credit purchase from Frimpong $4,000, Animah $3,000; Honesty $2,500, in each case a
trade discount of 10% is allowed
2. Credit sale to Bonsu $5,000, Bamfo $3,000, Opoku $2,000, in each case atrde discount of
15%
3. Credit purchase from Agbeve $4,000. Salmata $2,500, Obeng $2,600
4. Credit sales to Cobbinah $6,000, Ampoful $3,500, Mensah $4,500
5. Wise return goods to Animah $200, Honesty $300, Agbeve $500
6. Goods return to wise from Bonsu $1,000, Mensah $400, Cobblah $800
7. Credit sales to Bamfo $6,600 subject to 15% trade discount, Ampoful $1,800
8. Credit purchase from Frimpong $3,000, Agbeve $2,200
a. Open relevant subsidiary books
b. Post the items to the relevant ledgers

Q3. Peter Parker has operated his mobile phone shop for six months now. For the month of
January 2013, the following were recorded in his books:
 • January 01 Sold goods on Credit to Dennis GH₵1100, A. Humador GH₵6900 and Sarah
Osekere GH₵7250

• January 05 Received Invoices from Comfort Doe GH₵ 1 750 and Brian Quaye GH₵ 1
500

• January 10 Bought goods on credit from Franco phones GH₵ 18,750

• January 13 Sarah Osekre returned GH₵1250 worth of goods

• January 18 Sold goods on credit to A. Humador with a list price of GH₵ 1800, allowing a
2.5% Trade discount

• January 20 Returned goods to Franco Phones of GH₵GHȻ2500

Record the above transactions in the appropriate books of original entry

Q4

Illustration: Enter the following transactions in the cash book of Mr. Obu
2010.
Jan. 1 Mr. Obuobi started business with 2
cash
Jan. 3 Bought goods for cash
Jan. 5 Paid for stationery
Jan. 7 Sold goods for cash
Jan. 10 Paid for trade expenses
Jan. 11 Sold goods for cash
Jan. 14 Received cash from Mr. Asib
Jan. 15 Paid cash to Mr. Kwakye
Jan. 18 Withdrew cash for personal use
Jan. 22 Bought goods for cash
Jan. 25 Sold goods for cash
 Jan. 27 Paid for electricity bill
Jan. 31 Paid salary
Jan. 31 Paid rent

Q5

Illustration: From the following particulars write up a Three Column Cash Book of Mr. Asare.

2010
May 1: Cash in hand
May 1: Cash at Bank
May 3: Goods sold for cash
May 5: Goods bought for cash
Received a cheque from M. Fati for GHs19,300 in full settlement of his dues G
May 8:
and deposited into the bank.
Paid to Zorro Cash GHsGHȻ10,000 and a cheque for GHs9,400 in full settlemen
May 11:
dues GHs20,000

May 15: Cash received from M. Korama GHs9,800 in full settlement of his dues GHs10,

May 17: Paid cash to Adina GHs3,900 in full clearance of his dues GHs4,000

May 20: Received cheque from Ashim Morton GHs7,800 in full settlement of his dues G

May 23: Ashim Morton's cheque endorsed to a creditor Awal in settlement of GHs8,10

May 25: Bank credited interest of

May 31: Bank debited bank charges of