Messrs Electronics supplied goods on Sale or Return basis, the particulars of which are as under : Date of Despatch Party's Name Other Particulars Атоunt 2$ 10-3-2015 АВС Со. 2,600 3,400 1,900 14-3-2015 – Returned 15-3-2015 XҮZ Co. 17-3-2015 – Sold 20-3-2015 PQR Co. 25-3-2015 – Goods worth $800 returned No intimation 31-3-2015 2,200 1,700 27-3-2015 XYZ Co. 28-3-2015 PQR Co. -do- The books of Awaaz Electronics are closed on 31st day of March each year. Exhibit the entries as they would appear in the books of Awaaz Electronics viz. the "Goods sent on Sale or Return Day Book", "Goods on Sale or Return & Sold Returned Day Book" and show how the "Goods on Sale or Return Total Account" would appear.
Messrs Electronics supplied goods on Sale or Return basis, the particulars of which are as under : Date of Despatch Party's Name Other Particulars Атоunt 2$ 10-3-2015 АВС Со. 2,600 3,400 1,900 14-3-2015 – Returned 15-3-2015 XҮZ Co. 17-3-2015 – Sold 20-3-2015 PQR Co. 25-3-2015 – Goods worth $800 returned No intimation 31-3-2015 2,200 1,700 27-3-2015 XYZ Co. 28-3-2015 PQR Co. -do- The books of Awaaz Electronics are closed on 31st day of March each year. Exhibit the entries as they would appear in the books of Awaaz Electronics viz. the "Goods sent on Sale or Return Day Book", "Goods on Sale or Return & Sold Returned Day Book" and show how the "Goods on Sale or Return Total Account" would appear.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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