1 B Ready, an electrical goods wholesaler, has three departments: ( a ) Music, ( b ) TV and ( c ) Kitchen. The following is a summary of Bright’s sales invoices during the week 1 to 7 March 2007 The...

1

B Ready, an electrical goods wholesaler, has three departments: (a) Music, (b) TV and (c)

Kitchen. The following is a summary of Bright’s sales invoices during the week 1 to 7 March 2007

The VAT rate was 10 per cent.

(a) Record the above transactions in a columnar book of original entry and post to the general

ledger in columnar form.

(b) Write up the personal accounts in the appropriate ledger.

NB Do not balance off any of your ledger accounts.