Topic Content:
- Illustration – Return Inward Day Book
Illustration 3.4.1:
May 10: | Johnson Ltd returned: 3 Dozen of Sandals @ ₦15 4 Clocks @ ₦100 each Trade discount 25% |
May 15: | Abraham Ltd returned: 8 Radio Sets @ ₦90 each 5 Television Sets @ ₦100 Trade discount 10% |
Required:
(i) Prepare Return Inward Day Book
(ii) Post the items to the ledger
Solution:
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