Question
Ratan Motors uses a perpetual inventory system. On June 1, 2020 new.car inventory of Tk 2,88.000 which A model 4 cars Tk. 30,000 per car.
Ratan Motors uses a perpetual inventory system. On June 1, 2020 new.car inventory of Tk 2,88.000 which A model 4 cars Tk. 30,000 per car. B model 3 cars To. 32.000 per car and C model 2 cars Tk 36.000 per car, During June the following purchases and sales were made on account:
June
05 Purchased one "A" cars for Tk. 30,000 cash.
09 Sold three "A" cars for Tk, 36,400 each
11 Purchased tree "C" cars for TK 36.000
14 Sold one A car for Tk. 37.000 each.
20 Purchased two 'B' cars for Tk. 32.000 each
22 Returned two 'B' car purchased on June 20 for T. 32.000
24 Sold two Cars for Tk. 48.000 each
28 Sold one B car for Tk 42.000
Journalise the transactions using perpetual inventory system.
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