A delivery van was bought on credit. The transaction woul...
A delivery van was bought on credit. The transaction would be entered by the customer first in the
Purchases day book
Sales day book
Returns inwards book
Returns outwards book
Journal proper
Correct answer is E
No explanation has been provided for this answer.
Using the following information to answer the given question \(\begin{array}{c|c} Post & Gr...
Net profit of a sole proprietor is transferred to the ...
Given; Purchases = N20,000 Sales = N40,000 Carriage inwards = N5,000 Carriage outwards = N5,000 ...
When discount is allowed, the accounting entry is debit Discount allowed and credit ...
PQ Manufacturing Company Raw materials (1/11/2001)...........N3 500 Raw materials (31/12/2001).....