On 5 June 2015, S - Junior Cycle Business Studies - Question 6 - 2015
Question 6
On 5 June 2015, S. Lally, a shopkeeper, purchased goods for €1,700 by cheque.
Complete the ledger accounts of S. Lally showing the names of the accounts and the rel... show full transcript
Worked Solution & Example Answer:On 5 June 2015, S - Junior Cycle Business Studies - Question 6 - 2015
Step 1
(i) Purchases A/c
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Answer
In the Purchases account, record the transaction as follows:
Date
Details
€
2015 June 5
Bank
1,700
Step 2
(iii) Bank A/c
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Answer
In the Bank account, record the transaction as follows:
Date
Details
€
2015 June 5
Purchases
1,700
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