Topic Content:
- Illustration – Sales Day Book
Illustration 3.2.1:
May 5: | Sold goods to Johnson: 10 Dozen of Sandals @ ₦15 a dozen 15 Clocks @ ₦100 each Trade discount 25% |
May 12: | Sold goods to Abraham: 18 Radio sets @ ₦90 each 20 Television sets @ ₦100 each Trade discount 10% |
Required:
(i) Prepare the sales day book
(ii) Post the items to the ledger
Solution:
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