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Record the accompanying exchanges in the suitable books of unique passage and show how they will be posted.
Expect receipt numbers, folio number, and so on.
2011
Mar. 6 Purchased on Credit from Kadam 100 Shirts @ ` 300 each 50 Neckties @ ` 100 each. 36 FP-FA&A Mar.10 Sold on Credit to Mehta 10 Bush Shirts @ 350 each 20 Hand towels @ ` 20 each. ” 13 Goods returned to Kadam 2 Shirts @ 300 each ” 17 Sold to Andley on Credit 20 Trousers @ ` 200 each 5 Neck-ties @ ` 120 each ” 18 Goods received back from Manohar, a customer 4 Nick-ties @ ` 110 each 2 Shirts @ ` 500 each ” 22 Sold to Apte on credit 5 Bush Shirts @ ` 500 each 100 metres of long cloth @ ` 30 per metre ” 28 Apte returns 1 Bush Shirt invoiced at ` 500 ” 30 Purchased goods on credit from Gyani Cloth Store 150 Bush Shirts @ ` 400 each 200 metres of long cloth @ ` 25 per metre 50 metres of shirting @ ` 150 per metre Gyani Cloth Store allows Trade Discount @ 5% Andley returns one Neck-tie invoiced at ` 120
Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..
This report is specific for a core understanding for Financial Accounting and its relevant factors.
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