Question
Note; Answer the following Question (a) and (b) based on the Attachment screenshot given Question: ( a) Based on the transactions below, post the items
Note; Answer the following Question (a) and (b) based on the Attachment screenshot given
Question:
(a) Based on the transactions below, post the items to the TWO (2) relevant accounts in the Purchase and Sales ledgers.
2020
2-July Credit Purchases from Jalil RM 2,500.
3-July Credit Sales to Jenab RM 2,400.
7-July Goods return by us to Jalil RM 600 (Debit Note issued).
8-July Goods return to us by Jenab RM 500 (Credit Note issued).
14-July Credit Purchases from Jalil RM 1,100.
15-July Credit Sales to Jenab RM 1,000.
(b) Below are the ratios in accounting. Briefly explain the uses of the following:
i. Return on Capital Employed (ROCE).
ii. Current ratio.
iii. Inventory turnover.
iv. Earnings per share (EPS).
v. Price / earnings ratio (P/E).
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/06/667dc00c88e81_196667dc00c6025e.jpg)
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/06/667dc00cca64b_196667dc00cb66f5.jpg)
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