Study the cash book below to answer Questions 5 and 6.

Here are the answers to your questions: PART A: MULTIPLE CHOICE QUESTIONS QUESTION 1 What information on the cash book above is recorded monthly? The cash book records daily transactions, but the month (July) is indicated, and a balance is maintained, which would typically be summarized at the end of the month. B. Month written down and balance The final answer is B QUESTION 2 If a break and enter occurs on the 4th of July. How much cash would be stolen? Step 1: Identify the cash balance at the end of the last recorded day. The cash book shows the balance on July 3rd as K690. Step 2: Assume this is the amount available for theft on July 4th. If a break and enter occurs on July 4th, the amount of cash available would be the closing balance from July 3rd. C. K690 The final answer is C PART B: SHORT ANSWER QUESTIONS QUESTION 6 List one document that gives evidence of cash transaction. A document that gives evidence of a cash transaction is a receipt. QUESTION 7 What do we call the money and goods taken out of business by the owner for personal use? The money and goods taken out of a business by the owner for personal use are called drawings or withdrawals. QUESTION 8 Why do businesses have surplus? Businesses have a surplus primarily to generate profit, which can then be used for reinvestment in the business, expansion, building reserves for future needs, or distributing to owners. Send me the next one 📸