R Bright, an electrical goods wholesaler, has three departments: (a) Music, (b) TV and (c) Kitchen. The
Question:
R Bright, an electrical goods wholesaler, has three departments: (a) Music, (b) TV and (c) Kitchen. The following is a summary of Bright’s sales invoices during the week 1 to 7 February 20X7.
The VAT rate was 10 per cent.
(a) Record the above transactions in a columnar book of original entry and post to the general ledger in columnar form.
(b) Write up the personal accounts in the appropriate ledger. NB Do not balance off any of your ledger accounts.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Frank Woods Business Accounting Volume 1
ISBN: 9780273681496
10th Edition
Authors: Frank Wood, Alan Sangster
Question Posted: