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pls can someone answer asap begin{tabular}{lll} hline No end{tabular} (b) KSwa Traders which uses a perpetual inventory system and a mark up of 20%
pls can someone answer asap
\begin{tabular}{lll} \hline \\ No \end{tabular} (b) KSwa Traders which uses a perpetual inventory system and a mark up of 20% on cost price had the following transactions during the current financial year: (a) Bought inventory for R9 000 on credit and paid cash for the carriage on purchases of R2 500 . (b) Inventory with a cost price of R4 000 was sold cash. NOTE: Ignore any VAT implications Record the given transactions under the appropriate columns below: 1. Use a full stop to indicate any decimals (eg: 1000.01) 2. Round off to the second decimal after the full stop (e0:50.56) 3. A decrease in an amount must be indicated by using a negative sign in front of the amount (eg1000.01) 4. An increase must be indicated by the amount without any sign (eg: 1000.01) 5. If an option has a increase as well as a decrease the net effect will be 0 . 6 If an option has been provided that is not applicable to the question, please use N/A in the column to indicate that the option is not applicable. 7. First do the sales entry, then the cost of sales entry. 8. Please make sure about the spelling of a term Step by Step Solution
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