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i need the answer please!! WIL MI NCUK Question V2 15-16 (b) (b) During November 2015 Munster Ltd carried out the following financial transactions: Nov
i need the answer please!!
WIL MI NCUK Question V2 15-16 (b) (b) During November 2015 Munster Ltd carried out the following financial transactions: Nov 5. Acquired 1,000 of inventory on credit from various suppliers Nov 11. Received E500 cash from customer for goods supplied on credit in the previous month Nov 15. Returned 100 worth on inventory to supplier Y. The goods were purchased and paid for in a previous month Nov 22. Purchased plant and equipment, costing 2,000, on credit from Shannon Plant Co. Nov 29. A previous transaction had resulted in the credit of Liffey and Sons, a supplier, the sum of 200. Thicredit should have been to The Liffey Paint Company plc. Required: For each transaction correctly identify the relevant book of prime (original) entry and complete the double entry to process the transaction. (10) Type your answer here Step by Step Solution
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