On 1 May 2013, F Marr Ltd, 2 Frank Lane, Manchester, sold the following goods on credit to M Low Son, Byron Golf Club, Cheesham, Notts (a) Prepare the sales invoice to be sent to M Low Son The invoice number will be 2094 (b) Show the entries in the personal ledgers of F Marr Ltd and M Low Son Order...

To address the question lets first calculate the cost of goods sold the trade discount and the VAT i ...

On 1 May 2013, F. Marr Ltd, 2 Frank Lane, Manchester, sold the following goods on credit

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On 1 May 2013, F. Marr Ltd, 2 Frank Lane, Manchester, sold the following goods on credit to M. Low & Son, Byron Golf Club, Cheesham, Notts:

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(a) Prepare the sales invoice to be sent to M. Low & Son. The invoice number will be 2094.

(b) Show the entries in the personal ledgers of F. Marr Ltd and M. Low & Son.

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Frank Woods Business Accounting

ISBN: 9780273759287

12th Edition

Authors: Frank Wood. Sangster, Alan

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Question Posted: Jan 29, 2024 03:07 AM

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On 1 May 2013, F. Marr Ltd, 2 Frank Lane, Manchester, sold the following goods on credit

Question:

Order No. A/496 3 sets 'Tiger Gold' golf clubs at 1,400 per set. 300 Rose golf balls at 24 per 10 balls. 4 Daly golf bags at 360 per bag. Trade discount is given at the rate of 33/3 per cent. All goods are subject to VAT at 10 per cent.

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Frank Woods Business Accounting

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