January 2023

The Sales Returns and Purchases Returns Day Books

By |2022-09-15T12:40:58+02:00January 24th, 2023|Notes, Ordinary Level Notes, Principles of Accounts Notes|

Returns are part of business. Image credit ministryideaz.com Returns are part of business. Image credit ministryideaz.com ZIMSEC O Level Principles of Accounts Notes: The Sales Returns and Purchases Returns Day Books

  • Most businesses allow customers to return goods that they have bought for various reasons
  • For example if the goods are ill-fitting, […]
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Purchases Return Day Book Example

By |2022-09-15T12:40:57+02:00January 24th, 2023|Notes, Ordinary Level Notes, Principles of Accounts Notes|

Image credit: koolkeyrings.com Image credit: koolkeyrings.com ZIMSEC O Level Principles of Accounts Notes: Purchases Return Day Book Example

You are to enter up the Purchases Day Book and the Returns Outwards Day Book from the following details, then to post the items to the relevant accounts in the Purchases Ledger and to show […]

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Cambrige Notes: The Sales Returns and Purchases Returns Day Books

By |2022-09-15T12:31:00+02:00January 24th, 2023|Cambridge O Level/ IGSCE Accounts Notes, Notes, Ordinary Level Notes|

Cambridge IGCSE Accounting(0452)/O Level Principles of Accounts(7110) Notes: The Sales Returns and Purchases Returns Day Books

  • Most businesses allow customers to return goods that they have bought for various reasons
  • For example if the goods are ill-fitting, of the wrong color, they exceeded ordered quantity, were damaged in transit or are not functioning as expected i.e. malfunctioning.
  • The return […]
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Cambrige Notes: Purchases Return Day Book Example

By |2022-09-15T12:31:01+02:00January 24th, 2023|Cambridge O Level/ IGSCE Accounts Notes, Notes, Ordinary Level Notes|

Cambridge IGCSE Accounting(0452)/O Level Principles of Accounts(7110) Notes: Purchases Return Day Book Example

You are to enter up the Purchases Day Book and the Returns Outwards Day Book from the following details, then to post the items to the relevant accounts in the Purchases Ledger and to show the transfers to the General Ledger at the end of the month.

May 2013

  • 1 Credit […]
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