Redraft each of the accounts given in your answer to Review Question 5.1 in three-column style. 2016
Question:
Redraft each of the accounts given in your answer to Review Question 5.1 in three-column style.
2016
May
1 Sales on time to B. Flyn £810; F. Lane £1,100; T. Fey £413.
4 Sales on time to F. Start £480; B. Flyn £134.
10 Returns inwards from B. Flyn £124; T. Fey £62.
18 F. Lane paid us by cheque £1,100.
20 T. Fey paid us £351 by cheque.
24 B. Flyn paid us £440 by cash.
31 Sales on time to F. Start £240.
Data From Review Question 5.1
Enter the following items in the appropriate debtors' accounts (i.e. your customers' accounts)
only; do not write up other accounts. Then balance-off each of these personal accounts at the end of the month.
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Related Book For
Frank Woods Business Accounting Volume 1
ISBN: 9781292084664
13th Edition
Authors: Alan Sangster, Frank Wood
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