How would you record the following credit transaction in your books, if you were a bookkeeper...
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How would you record the following credit transaction in your books, if you were a bookkeeper for this office supply business? Sales Summary for 05/03/2014 Item Paper Print cartridges Hanging files Envelopes Pens Subtotal Sales discount @ 20% Sales after discount VAT @ 20% Total cash sales Total credit card sales Total credit account sales Total sales Quantity Price Total 10 boxes £15.00 £150.00 5 £15.00 £75.00 7 boxes £5.00 £35.00 10 boxes £7.00 £70.00 20 boxes £8.00 £160.00 £490.00 £98.00 £392.00 £78.40 £145.40 £150.00 £175.00 £470.40 How would you record the following credit transaction in your books, if you were a bookkeeper for this office supply business? Sales Summary for 05/03/2014 Item Paper Print cartridges Hanging files Envelopes Pens Subtotal Sales discount @ 20% Sales after discount VAT @ 20% Total cash sales Total credit card sales Total credit account sales Total sales Quantity Price Total 10 boxes £15.00 £150.00 5 £15.00 £75.00 7 boxes £5.00 £35.00 10 boxes £7.00 £70.00 20 boxes £8.00 £160.00 £490.00 £98.00 £392.00 £78.40 £145.40 £150.00 £175.00 £470.40
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ANSWER The total sales for the day were 47040 Paper 1... View the full answer
Related Book For
Global Marketing management
ISBN: 978-0470505748
5th edition
Authors: Masaaki Kotabe, Kristiaan Helsen
Posted Date:
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