This accounting problem is solved step by step below, with detailed explanations to help you understand the method and arrive at the correct answer.
ScanSolve AI Answer
Here is the Three Column Cash Book, formatted as requested: |l|l|l|r|r|r||l|l|l|r|r|r| Date & Particulars & Folio & Disc. Allowed (K) & Cash (K) & Bank (K) & Date & Particulars & Folio & Disc. Received (K) & Cash (K) & Bank (K) \\ Mar 1 & Balance b/d & & & 3,680,000.00 & 76,590,000.00 & & & & & & \\ Mar 2 & Debtors (R Banda) & & 112,000.00 & & 2,128,000.00 & Mar 4 & Rent & & & & 1,920,000.00 \\ Mar 2 & Debtors (E Tobwa) & & 176,000.00 & & 3,344,000.00 & Mar 8 & Creditors (N Bwalya) & & 280,000.00 & & 5,320,000.00 \\ Mar 2 & Debtors (C Chola) & & 240,000.00 & & 4,560,000.00 & Mar 8 & Creditors (P Tailoka) & & 384,000.00 & & 7,296,000.00 \\ Mar 6 & Loan from J Kantu & & & & 16,000,000.00 & Mar 8 & Creditors (C Wamulume) & & 640,000.00 & & 12,160,000.00 \\ Mar 12 & B Hansengele & & 48,000.00 & & 1,184,000.00 & Mar 10 & Motor Expenses & & & 704,000.00 & \\ Mar 21 & Bank (Contra) & C & & 5,600,000.00 & & Mar 15 & Wages & & & 2,560,000.00 & \\ Mar 31 & Commission Received & & & & 1,408,000.00 & Mar 21 & Cash (Contra) & C & & & 5,600,000.00 \\ & & & & & & Mar 24 & Drawings & & & 1,920,000.00 & \\ & & & & & & Mar 25 & T Muchona & & 112,000.00 & 2,128,000.00 & \\ & & & & & & Mar 29 & Fixtures & & & & 10,400,000.00 \\ Totals & & & 576,000.00 & 9,280,000.00 & 105,214,000.00 & Totals & & & 1,416,000.00 & 7,312,000.00 & 42,696,000.00 \\ & & & & & & Mar 31 & Balance c/d & & & 1,968,000.00 & 62,518,000.00 \\ Totals & & & 576,000.00 & 9,280,000.00 & 105,214,000.00 & Totals & & & 1,416,000.00 & 9,280,000.00 & 105,214,000.00 \\ Apr 1 & Balance b/d & & & 1,968,000.00 & 62,518,000.00 & & & & & & \\ The final balances for March 31, 2026, are: Cash: K1,968,000.00 Bank: K62,518,000.00 That's 2 down. 3 left today — send the next one.