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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Sales Returns Day Book Example Sales Return Day Book Example

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

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

Enter up the Sales Day Book and the Returns Inwards Day Book from the following details. Then post to the customers’ accounts and show the transfers to the […]

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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: Sales Returns Day Book Example Sales Return Day Book Example

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: Sales Return Day Book Example Sales Return Day Book Example

Enter up the Sales Day Book and the Returns Inwards Day Book from the following details. Then post to the customers’ accounts and show the transfers to the General Ledger.

2014

  • June 1 Credit sales to: B Danho $240; M Runde $126; G […]
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