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 KCSE business studies paper 1 revision questions and answers Set 3

Post the following transactions in relevant ‘T’ accounts.
a)Started a business by depositing in the bank a cheque of sh 10,000 on 2nd January 2014
b)Withdrew cash sh 2,000 from the bank for business use on 5th January 2014
c)Ngithi a debtor paid sh. 4,000 in cash on 10th January 2014
d)Withdrew cash sh.1,000 from the business for personal use on 16th January 2014

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