Question
The following transactions were extracted from the books of Sylvestish Traders for the month of August 2020. The business uses the periodic inventory system. Transactions:
The following transactions were extracted from the books of Sylvestish Traders for the month of August 2020.
The business uses the periodic inventory system. Transactions: 1. Cash sales of merchandise, R5 000. 2. Credit sales of R 4 000. 3. Purchased inventory on credit, R2 300. 4. Bought merchandise for cash, R 3 000 5. The owner took goods for own use for R400 (cost price)
Required: Record the above-transactions in the ACCOUNTING EQUATION
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Activity Based Cost Management In Government
Authors: Gary Cokins
2nd Edition
1567261817, 978-1567261813
