Yaro Limited, has the following transactions during the month of September 2016. Date Description 69/2016: Bought...
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• Yaro Limited, has the following transactions during the month of September 2016. Date Description •69/2016: Bought on credit from S. Otoo 3 bags of rice at GhC90 cach less 10% trade discount. • 9/9/2016 : Sold on credit to M. Cudjoe 2 bags of rice at GhC140 cach less 5% trade discount. • 14/9/2016:Purchased on credit from F. Nartey 4 bags of rice at GhC85 cach less 5% trade discount. • 16/9/2016: Sold on credit to J. Brown I bag of rice at GhC135 and I bag of sugar at GhC100- no trade discount allowed. • 21/9/2016: Purchased on credit to A. Best a carpet at GhC120 less 10% trade discount. • 28/9/2016: Soldlan credit to M. Cudoe 1 bag of rice at GhC105 and I bag of sugar at GhC115 less 5% trade discount on the complete sale. Required: (0 Enter the above transactions in the Sales Day Book and Purchase Day Book as appropriate. (ii) Post the transactions from the Day Books to the Personal Accounts concerned in the ledger. (i) • Yaro Limited, has the following transactions during the month of September 2016. Date Description •69/2016: Bought on credit from S. Otoo 3 bags of rice at GhC90 cach less 10% trade discount. • 9/9/2016 : Sold on credit to M. Cudjoe 2 bags of rice at GhC140 cach less 5% trade discount. • 14/9/2016:Purchased on credit from F. Nartey 4 bags of rice at GhC85 cach less 5% trade discount. • 16/9/2016: Sold on credit to J. Brown I bag of rice at GhC135 and I bag of sugar at GhC100- no trade discount allowed. • 21/9/2016: Purchased on credit to A. Best a carpet at GhC120 less 10% trade discount. • 28/9/2016: Soldlan credit to M. Cudoe 1 bag of rice at GhC105 and I bag of sugar at GhC115 less 5% trade discount on the complete sale. Required: (0 Enter the above transactions in the Sales Day Book and Purchase Day Book as appropriate. (ii) Post the transactions from the Day Books to the Personal Accounts concerned in the ledger. (i)
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Related Book For
Accounting For Managers Interpreting Accounting Information for Decision Making
ISBN: 978-1119979678
4th edition
Authors: Paul M. Collier
Posted Date:
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