On 1 March 2020, B. Cox, Middle Road, Paisley, a VAT-registered business, sold the following goods...

 

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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: 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 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. 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: 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 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.

Answer rating: 100% (QA)

Sales Invoice Invoice Number 4632 Date Invoice Number Customer Address Description Qu... View the full answer