0 votes
441 views
in Business Studies Form 3 by
Yogen had the following transactions with a creditor, Sulem, 2017
June 1 Balance from May 14,000
2 Bought stock from Sulem on credit Kshs. 80,000
4 Returned faulty goods to Sulem Kshs. 2,000
7 Paid Sulem the debt by cash less 2% discount.
Prepare Sulem’s account as it would appear in the books of Yogen.

1 Answer

0 votes
by
Dr                                                        Sulem’s Account                                                  Cr
2017 detailsamount  2017details amount 
 June 4
7
7
Return out. 
Disc. Recvd 
Cash 
 2,000 
1,840 
90,160 
June 1
2
Bal b/d
Purchases 
 14,000
80,000
 94,00094,000

Related questions

Welcome to EasyElimu Questions and Answers, where you can ask questions and receive answers from other members of the community.

6.4k questions

9.6k answers

6 comments

590 users

...