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EXAMPLE 2 : 1 5 t June, 2 0 1 7 , Saeed Ahmad started business other transactions for the month of June as follows:
EXAMPLE :
t June, Saeed Ahmad started business other transactions for the month of June as follows:
Purchased from Kareem goods of list price of RM subject to trade discount by cash.
Sold goods to Din Muhammad RM and cash sales of RM
Distributed goods worth RM as free samples and goods taken away by the proprietor for
personal use RM
Received discount RM and Commission RM
Goods returned by Din Muhammad RM and payment other outstanding amount.
Furniture lost by fire of worth RM
Bad Debts during the period was RM
Prepare the account for transaction above
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