philile
Jun 21, 2010, 05:01 AM
A Company called Piri Bookshop was registered 01/02/2009 an opend a bank account at Absa with R5000
The company rented premises at 1000 per month. The company purchase R3000 worth of stock on credit from LTD COMPANY .They employ a shop assistant at R1500 per month. They mark their goods at cost 100% . In the first month they sold R2000 worth of stock at R4000. During the month they receive orders for R2000 worth of books. At the end of the month they paid salary, rent, and R1500 against purchase. In march they sold R6000 worth of books and purchased R3000 worth of stock on credit.
Prepare a set of account for the above company ,including detailed journal,cashbook, trial balance and income statement for the first month
The company rented premises at 1000 per month. The company purchase R3000 worth of stock on credit from LTD COMPANY .They employ a shop assistant at R1500 per month. They mark their goods at cost 100% . In the first month they sold R2000 worth of stock at R4000. During the month they receive orders for R2000 worth of books. At the end of the month they paid salary, rent, and R1500 against purchase. In march they sold R6000 worth of books and purchased R3000 worth of stock on credit.
Prepare a set of account for the above company ,including detailed journal,cashbook, trial balance and income statement for the first month