Question
Hisham has a shop selling readymade garments in the Seeb Souk. He made the following purchases and sales during the month of December 2019: Dec
Hisham has a shop selling readymade garments in the Seeb Souk. He made the following purchases and sales during the month of December 2019:
Dec 1 Sold to Muhanand: Men's Dishdasha $24, Men's T Shirt $36. Less 25% trade discount.
Dec 7 Sold to Rasmia: Trousers $70, Jeans Pants $230. Less 33.33%t trade discount.
Dec 9 Bought from Kathia: Trousers $400. Less 40% trade discount.
Dec 16 Bought from Anwar: Leather Belts $320. Less 50% trade discount.
Dec 23 Sold to Taha: Trousers $50, Men's Dishdasha $70, Jeans Pants $80. All less 20% trade discount.
Dec 31 Bought from Najla: Men's Dishdasha $100. Less 20% per cent trade discount.
Required:
(a) Write up the sales and purchases day books.
(b) Post the items to the personal accounts .
(c) Post the totals of the day books to the sales and purchases accounts.
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