Posting a purchase invoice in Simply accounting

Question

May 21, 2007, 01:15 PM

Arintheastar

New Member

Join Date: May 2007

Posts: 2

Posting a purchase invoice in Simply accounting

Hello,

I am new to this site. I am hoping someone can help me with this question.
I am doing an online Simply Accounting Course, I am having difficulties with this transaction.

Here is the info. Purchase Invoice. To Cars for all, $20,000.00 plus 7%gst & 7%pst for new automobile less $5000.00 as a trade-in allowance on old car. Invoice total $17,100.The entry to write off the old car will be made at year-end.

I hope someone can help me with this.

Answer this Question Ask about Accounting

Bookmarks

« Previous Thread | Next Thread »

Thread Tools
Show Printable Version Email this Page
Display Modes
Linear Mode Switch to Hybrid Mode Switch to Threaded Mode

Similar Sponsors

Similar Threads
Question	Asker	Forum	Answers	Last Post
Schedule of Cost of Goods Manufactured + Simply Accounting	highroad	Accounting	1	May 18, 2007 04:39 PM
Accounting for a purchase of vehicle	Chunny	Accounting	1	Apr 24, 2007 07:10 AM
mechandising of invoice prices	Noah91399	Finance & Accounting	3	Feb 8, 2007 09:05 PM
accounting for overseas inventory purchase	Camelothaircare	Accounting	1	Dec 19, 2006 12:26 PM
Tax deduction on foreign company invoice	Tax_Q	Taxes	5	Aug 17, 2006 09:52 AM



At Ask Me Help Desk you can ask questions in any topic and have them answered for free by our experts. To ask questions or participate in answering them you must register for a free account. By registering you will be able to: Get free answers from experts in any of our 300+ topics. Accept money for answers that you provide. Communicate privately with other members (PM). See fewer ads. Sign Up!