The business transaction of Tata Motors as follows: The business uses periodic inventory system. 5th May 2019 : Purchased RO30,000 of merchandise inventory from Sky motors : terms 2/15, n 45, (Invoice no. 201) 11th May 2019: Purchased RO20,000 of merchandise inventory from Moon Motors terms 5/20, n 45, (Invoice no. 651) 20th May 2019 : Purchased RO40,000 of merchandise inventory from Heaven Motors terms 5/20, n 45, (Invoice no. 107) 28th May 2019: Full payment was made to Moon Motors 29th May 2019: Goods returned to Heaven Motors RO10,000 30th May 2019 : Purchase merchandise from Start Motors and paid cash immediately. RO 5,000 1-The closing balance of Total Accounts Payable ledger control account on 31st May 2019 will be? 2-The double entry for Goods returned to Heaven motors RO 10,000 will be? 3-Total Purchase of Merchandise to be shown in the Purchase journal of the business on 31st May 2019 was? 4-Which of the following journal entry is correct on 28th May 2019? 5-The Closing balance of Heaven Motors under Accounts Payable (Purchase ledger) on 31st May 2019 will be?
The business transaction of Tata Motors as follows: The business uses periodic inventory system. |
5th May 2019 : Purchased RO30,000 of merchandise inventory from Sky motors : terms 2/15, n 45, (Invoice no. 201) |
11th May 2019: Purchased RO20,000 of merchandise inventory from Moon Motors terms 5/20, n 45, (Invoice no. 651) |
20th May 2019 : Purchased RO40,000 of merchandise inventory from Heaven Motors terms 5/20, n 45, (Invoice no. 107) |
28th May 2019: Full payment was made to Moon Motors |
29th May 2019: Goods returned to Heaven Motors RO10,000 |
30th May 2019 : Purchase merchandise from Start Motors and paid cash immediately. RO 5,000 |
1-The closing balance of Total Accounts Payable ledger control account on 31st May 2019 will be?
2-The double entry for Goods returned to Heaven motors RO 10,000 will be?
3-Total Purchase of Merchandise to be shown in the Purchase journal of the business on 31st May 2019 was?
4-Which of the following
5-The Closing balance of Heaven Motors under Accounts Payable (Purchase ledger) on 31st May 2019 will be?
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