Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

Instructions Avoid Plagiarism: Provide the references if you are using a source. Submit your answers through E-Learning. Answer all the Questions: 1. Draw up a)

image text in transcribed
Instructions Avoid Plagiarism: Provide the references if you are using a source. Submit your answers through E-Learning. Answer all the Questions: 1. Draw up a) Sales journal and Cash Receipt Journal b) Accounts Receivable Subsidiary Ledgers c) Accounts Receivable Control account. (9 marks) January 1: Sold OMR 10,000 merchandise inventory, 5/15, n/30, FOB destination with a cost price of OMR 7,000 to Mr. Nasser January 10: Sold OMR 20000 Merchandise inventory with a cost price of RO 14,000. January 12: Received cash from Mr. Nasser after discount. January 30: Sold merchandise inventory to Mr. Abdullah OMR 8,000(Invoice price) Cost price (OMR 5000) with a terms of 10/10, n/23 at FOB destination. 2. List out the Special journals and its uses to the business in your own words

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions