sangamdeep
May 1, 2011, 11:43 PM
Stock on hand : 32 piece 500 mg bruchet @ 42
Purchased 100 piece 500 mg bruchet @ 50,
Sold 75 piece 500 mg bruchet @ 55 (FIFO method),
Partial payment : 1St May 2000, 31st May 1500, 15th June remaining payment (Full payment)
Discount on sales : 2% at full payment
Prepare stock account, journal and PL account
Purchased 100 piece 500 mg bruchet @ 50,
Sold 75 piece 500 mg bruchet @ 55 (FIFO method),
Partial payment : 1St May 2000, 31st May 1500, 15th June remaining payment (Full payment)
Discount on sales : 2% at full payment
Prepare stock account, journal and PL account