Question No.1:- State which books of original entry the following transactions would be entered into: (a) ABC pays you $100 (b) You return goods to AB to the value of $100 (c) Customer AC returns goods to the value of $150 (d) You pay Jim $500 (e) You receive an invoice from A for $120 [...]
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The below question is testing the candidate on the understanding on the recording process. You are required to understand the debit and credit rules, how to journalize and post to 3 column ledger as well as on the preparation of a trial balance . Mr X opened X Company which engaged in consultancy business. Append [...]
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