A Henriques has the following purchases and sales for May 20X6: Required: (a) Write up the sales
Question:
A Henriques has the following purchases and sales for May 20X6:
Required:
(a) Write up the sales and purchases day books.
(b) Post the items to the personal accounts.
(c) Post the totals of the day books to the sales and purchases accounts.
Transcribed Image Text:
20X6 "1 May 1 Sold to M Marshall: brass goods £24, bronze items £36. Less 25 per cent trade discount. Sold to R Richards: tin goods £70, lead items £230. Less 33 per cent trade discount. Bought from C Clarke: tin goods £400. Less 40 per cent trade discount. "1 7 9
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Lets start by organizing the information into the appropriate day books personal accounts and salesp...View the full answer
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Deepankur Keserwani
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Related Book For
Frank Woods Business Accounting Volume 1
ISBN: 9780273681496
10th Edition
Authors: Frank Wood, Alan Sangster
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