Nov 1 Purchase of 15 laptops from Dhaka-based Gallup Computers Ltd. for Rs. 55,000. Debt discount 5%. Invoice No. 100. Carrying cost Rs. 1,500. Nov 20 Purchase of 6 refrigerators from Khan Electronics, Savar for Rs. 35,000. Invoice No. 101 Bargain discount 7%. Packing cost Rs.1000 (A) What are the ancillary costs of the transaction? (B) Make Purchase Journal of AH Rahman Electronics. (C) Prepare general ledger on the basis of appropriate transactions.
Nov 1 Purchase of 15 laptops from Dhaka-based Gallup Computers Ltd. for Rs. 55,000. Debt discount 5%. Invoice No. 100. Carrying cost Rs. 1,500. Nov 20 Purchase of 6 refrigerators from Khan Electronics, Savar for Rs. 35,000. Invoice No. 101 Bargain discount 7%. Packing cost Rs.1000 (A) What are the ancillary costs of the transaction? (B) Make Purchase Journal of AH Rahman Electronics. (C) Prepare general ledger on the basis of appropriate transactions.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The following are the transactions of AH. Rahman Electronics for the month of November, 2020:
Nov 1 Purchase of 15 laptops from Dhaka-based Gallup Computers Ltd. for Rs. 55,000. Debt discount 5%.
Invoice No. 100. Carrying cost Rs. 1,500.
Nov 20 Purchase of 6 refrigerators from Khan Electronics, Savar for Rs. 35,000. Invoice No. 101 Bargain discount 7%. Packing cost Rs.1000
(A) What are the ancillary costs of the transaction?
(B) Make Purchase Journal of AH Rahman Electronics.
(C) Prepare general ledger on the basis of appropriate transactions.
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