Random Flashcards
1
Q
What adjustments are made in goods in transit?
A
Purchases^^
Creditors^^
Stock^^. All by cost
2
Q
What adjustments are made in drawing of stock?
A
Drawings ^^
Purchases (-). All by cost
3
Q
What adj. are made at restocking charge?
A
Purchases ^^ by charge
Creditors ^^ by charge
4
Q
What adj. are made on sale-return basis? (Purchases)
A
Purchases (-) by cost
VAT (L)
Creditors (-) by full payment
5
Q
Adj. made on a sale-return basis (Sales)
A
Sales (-)
Debtors (-)
Stock ^ by cost
