Enter the following in the appropriate creditors accounts (i.e. your suppliers accounts) only. Do not write up
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Enter the following in the appropriate creditors’ accounts (i.e. your suppliers’ accounts) only. Do not write up the other accounts. Then balance off each of these personal accounts at the end of the month.
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20X8 June 1 Purchases on credit from J Saville £240; P Todd £390; J Fry £810. "1 3 Purchases on credit from P Todd £470; J Mehan £1,450. 10 We returned goods to J Fry £82; J Saville £65. 15 Purchases on credit from J Saville £210. "1 11 }} 11 11 19 We paid J Mehan by cheque £1,450. 28 We paid J Saville by cash £300. 30 We returned goods to P Todd £39.
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Related Book For
Frank Woods Business Accounting Volume 1
ISBN: 9780273681496
10th Edition
Authors: Frank Wood, Alan Sangster
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