During June 2007, the following transactions took place in XYZ Co. Ltd. You are required to enter
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During June 2007, the following transactions took place in XYZ Co. Ltd.
You are required to enter the transactions in the financial and cost books.
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(i) Materials purchased: (a) Credit purchases (b) Credit purchases for special job (c) Cash purchases (ii) Returns to suppliers (iii) Direct materials issued to production (iv) Indirect materials issued (v) Materials returned from production to stores (vi) Materials transferred from Job No. 20 to Job No. 21 Rs. 18,000 800 2,000 1,000 12,000 1,200 200 400
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To record these transactions in both the financial and cost books well create journal entries for ea...View the full answer
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