For each of the following, state in which day book the transaction would be recorded. (a) Sales

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For each of the following, state in which day book the transaction would be recorded.

(a) Sales made on credit.

(b) Goods previously purchased by the business sent back to the original supplier.

(c) Stock taken out of business for private use.

(d) Cheque paid out to settle account relating to the purchase of goods for resale.

(e) Fixed asset sold with payment received by cheque.

(f ) Furniture bought on credit specifically for resale.

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Frank Woods Business Accounting Basics

ISBN: 9780273725008

1st Edition

Authors: Frank Wood, Mr David Horner

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Question Posted: Mar 08, 2024 07:01 AM

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For each of the following, state in which day book the transaction would be recorded. (a) Sales

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Frank Woods Business Accounting Basics

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