Mr. Naeem is running a sole proprietorship business that deals with the manufacturing and sale of computer accessories. There is a high competition in the industry and the profit margins are declining. However, Mr. Naeem's business products are perceived to be of better quality that its competitors. Hence, business is still running its operations profitably despite of high competitions During the month of August 2018, following transactions were recorded you are required to enter the transaction in three column cash Book August, 2018
2. Cash in hand Rs. 300,000/
2: Cash at Bank Rs. 222,500
5: Purchased Machinery Rs. 135.000
8: Cash sales Rs 67,500
12- Received a cheque from Mr. Farog for Rs 154,000 in full sentiment his account Rs. 155, 000/- and deposited into the bank
15- Payment to Mr. Furnan cash Rs. 75.000-and a cheque for Rs T3.500 in of full settlement of his account 150,000/ 17- Cash purchases Rs. 25,500
20: Electricity bill paid by Blank Rs 15,000 23: Received interest from Bank Rs 27,000.
25-Cash deposited into Bank Rs 30,000/ 28- Received a cheque from Mr. Asif Rs. 60,000/- but not deposited ta bank
29. Mr. Asif cheques deposited into bank. 29- Paid to Mr. Kaleem by a cheque Rs 20,000/
30- Cash drew from Bank for office use R10,000
31-Cash drew from Bank for personal use Rs 7.500/
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