M. Daswani started a new business on | June. In your ledger write up the accounts needed
Question:
M. Daswani started a new business on | June. In your ledger write up the accounts needed to record the following transactions.
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Jun 1 2 Started business with 10,000 in a business bank account Sold goods on credit to T. Ross priced at 369.20 plus VAT 64.61, total invoice 433.81 4 Sold goods on credit to Aztec Sportswear priced at 604.00 plus VAT 105.70, total invoice 709.70 8 Withdrew 850.00 cash from the bank and put it in the cash till for use in the business 14 Goods returned by T. Ross for 48.30 plus VAT 8.45, a credit note for 56.75 is issued 18 Sold goods on credit to Classic Casuals priced at 530.40 plus VAT 92.82, total invoice 623.22 24 Goods returned by Aztec Sportswear for 75.38 plus VAT 13.19, a credit note for 88.57 is issued 28 Received 377.06 by cheque from T. Ross
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