The accounting system for Barker Ltd uses a general journal and special journals for sales, purchases, cash
Question:
The accounting system for Barker Ltd uses a general journal and special journals for sales, purchases, cash receipts and cash payments.
Required
A. What journal would be the most probable source of the postings in the accounts?
B. Which of the above accounts would be affected if GST was recorded?
Transcribed Image Text:
Cash at Bank 110 Discount Received 450 18 280 330 (a) (g) 14 200 (i) Accounts Receivable Control 120 Purchases 510 (e) 1 580 (c) 56 160 15 560 (h) (k) 20 160 Purchases Allowances (m) Accounts Payable Control (1) 210 515 G) 13 320 20 160 250 Sales 410 Discount Allowed 520 (b) (d) 56 160 (f) 240 3 560
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A a Cash receipts journal h Cash payments journal b Sales ...View the full answer
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Related Book For
Accounting
ISBN: 978-1118608227
9th edition
Authors: Lew Edwards, John Medlin, Keryn Chalmers, Andreas Hellmann, Claire Beattie, Jodie Maxfield, John Hoggett
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