On 1 March 2020, B. Cox, Middle Road, Paisley, a VAT-registered business, sold the following goods on
Question:
On 1 March 2020, B. Cox, Middle Road, Paisley, a VAT-registered business, sold the following goods on credit to T. Ross, 24 Peter Street, Loughborough, Order No. 9841:
All goods are subject to VAT at 20%.
(a) Prepare the sales invoice (the invoice number will be 4632).
(b) Show the entries in the personal ledgers of B. Cox and T. Ross.
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20,000 Coils Sealing Tape 40,000 Sheets Bank A5 24,000 Sheets Bank A4 @ 6.70 per 1,000 coils @ 5.20 per 1,000 sheets @ 9.00 per 1,000 sheets
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Related Book For
Frank Woods Business Accounting An Introduction To Financial Accounting
ISBN: 9781292365435
15th Edition
Authors: Alan Sangster, Lewis Gordon, Frank Wood
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