Journalize the following transactions in the journal of Kamath Restaurant, post them to his ledger and prepare

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Journalize the following transactions in the journal of Kamath Restaurant, post them to his ledger and prepare a Trial Balance. 2005 May 5 Purchased ingredients on credit from Mr. Anil 15,000 7 Sold food for cash to Mr. Anand 2000 9 Sold food on credit to Mr. Hiten 12,500 9 Part of the food returned by Hiten 500 10 Purchased ingredients on credit from Mr. Jitendra less 10% trade discount 300 14 Part of the ingredients purchased from Mr. Anil returned 1000 25 Purchased ingredients for cash less 5% cash discount 1000 30 Sold food for cash less 3% cash discount

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Financial Accounting For Hotels

ISBN: 9781259004940

1st Edition

Authors: Prasanna Kumar JP, Linda Nalini Danie, Mruthyunjaya V. Pagad

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