Balance off the following four accounts from four different businesses at the month end Transfer the balances for revenue and purchases to the trading account Sales Rets represents sales returns Revenue B Purchases 8 June Bank 1,000 1 June Bank 500 9 June Brown 2,000 30 June Patel 9,500 (iii) Bank ...

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Balance off the following four accounts from four different businesses at the month end. Transfer the balances

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Balance off the following four accounts from four different businesses at the month end. Transfer the balances for revenue and purchases to the trading account.

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Sales Rets. represents sales returns.

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Accounting

ISBN: 9781119977186

3rd Edition

Authors: Michael J. Jones

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Question Posted: May 19, 2024 02:04 AM

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Balance off the following four accounts from four different businesses at the month end. Transfer the balances

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Revenue B Purchases 8 June Bank 1,000 1 June Bank 500 9 June Brown 2,000 30 June Patel 9,500 (iii) Bank (iv) 3 June Cash Sales 500 1 June Wages 800 1 June Sales R. Smith (trade receivable) 800 3 June Sales Rets. 1,000 7 June Rent 300 4 June Bank 3,000 8 June Purchases 200

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Accounting

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