From the following transactions, construct the sales, purchases and both returns day books for the month of
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From the following transactions, construct the sales, purchases and both returns day books for the month of May 2001. Transfer the totals for the month to the VAT account.
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2001 May 1 Bought goods on credit 300 from A Davidson, 200 from C Platt May 8 Sold goods on credit to M Cousins worth 800 May 12 Bought goods on credit from G Guy totalling 250 May 15 Sold goods on credit to F Connelly for $550 May 18 Returned goods to Platt for 36 May 22 Sold goods on credit to M Cousins for 280 May 25 Connelly returned goods worth 120 May 28 Granville returned goods worth 82
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2001 May 8 M Cousins May 15 F Connelly May 22 M Cousins Transferred to General Ledger Sales day book ...View the full answer
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Nitin Pakhare
I have Mater degree in Statistics and more than 9 years of teaching experince.
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Related Book For
Frank Woods Business Accounting Basics
ISBN: 9780273725008
1st Edition
Authors: Frank Wood, Mr David Horner
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