How to Draw Up an Invoice - DOC by sjg16368

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									Review Questions Book 1 Chapter 14

   1. You are to enter up the Sales Day Book from the following details. Post the
      items to the relevant accounts in the sales ledger and show the sales account as
      it would be found in the general ledger.

20X1                                           £
May 1        Credit sales to I Curtis          90
May 5        Credit sales to B Sumner          45
May 11       Credit sales to G Gilbert         114
May 18       Credit sales to S Morris          87
May 21       Credit sales to P Hook            55
May 31       Credit sales to T Wilson          32


   2. You are to enter up the Sales Day Book from the following details. Post the
      items to the relevant accounts in the sales ledger and show the sales account as
      it would be found in the general ledger.

20X3                                           £
June 1       Credit sales to P Oakey           432
June 5       Credit sales to G Gregory         390
June 11      Credit sales to M Ware            234
June 18      Credit sales to A Wright          758
June 21      Credit sales to I Marsh           250
June 31      Credit sales to I Burdon          540

   3. S Mallinder of 27 Tadcaster Road is selling the following items at eh
      recommended retail prices:

Aluminium sheet              £50 per metre
Rolled copper wire           £100 per metre

He makes the following sales;

20X2
July 1 To A Powell, 58 Oxford Road, Glossop: 12 metres aluminium and 2 meters
       copper wire. Less 25% trade discount
July 8 To C Burkinshaw, 2 St Edwards Road, Sheffield: 5 meters aluminium and 5
       meters copper wire. Less 20 % trade discount.

You are required to:
   a. Draw up a sales invoice for both transactions.
   b. Enter them up in the Sales Day Book and post them to the personal accounts
   c. Transfer the total to the sales account.

								
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