Question
ABC Company Limited sells 200lbs of fresh vegetable seeds to the Ministry of Agriculture on March 22, 2016 for JMS100,000.00.The Ministry pays the invoice on
ABC Company Limited sells 200lbs of fresh vegetable seeds to the Ministry of Agriculture
on March 22, 2016 for JMS100,000.00.The Ministry pays the invoice on April 30, 2016.
The financial year of the government ends March 31.
Record the transaction in the books of ABC Company Ltd
Record the transaction in the books of the Ministry of Agriculture
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Financial Accounting An International Perspective
Authors: Arne Kinserdal
2nd Edition
0273631543, 978-0273631545
