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Rebecca owns a garage. The following transaction took place during March 20*8: Required a) Enter the transactions in the appropriate

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Rebecca owns a garage. The following transaction took place during March 20*8:


Required

a) Enter the transactions in the appropriate books of prime entry.
b) Show the necessary entries in the ledgers.

Transcribed Image Text:

March 2 4 6 9 11 12 16 19 23 27 28 30 31 Goods purchased on credit from Spanners plc Credit sales to Drodlet Goods purchased for cash from Lygett Credit sales to Drodlet Purchase of hydraulic jack from Upps Ltd on credit Cash sales to Corston Goods returned to Spanners plc Goods returned by Drodlet Goods purchased on credit from Fox Cash sale to Bishop Goods returned to Lygett Goods purchased on credit from Fadley Goods sold on credit to Mundy £ 452 290 740 540 5,250 230 27 53 993 450 18 651 511

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a Transactions in Table Format Date Transaction Description Debit Credit 11 Mar Purchased goods on credit from Spanners plc 452 11 Mar Credit sales to …View the full answer


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Introducing Accounting For AS

Introducing Accounting For AS

ISBN: 9780340959404

2nd Edition

Authors: Ian Harrison

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Chapter # 9
Section: Question
Problem: 10
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Question Posted: August 22, 2023 09:18:57
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