O-LevelAccountingSources and recording of dataOct/Nov 2020Paper 2 Q120 Marks
Dev owns a business selling furniture. The following transactions took place during August 2020. Transaction | Date | Details | $ --- | --- | --- | --- 1 | August 9 | Sold goods on credit to Petra | 675 2 | 14 | Petra returned damaged goods to Dev | 120 3 | 23 | Banked cash sales | 412 4 | 29 | Petra settled her outstanding balance at 1 August by credit transfer after taking a cash discount of 5% On 1 August 2020, the balance on credit customer Petra's sales ledger account was $940 debit. REQUIRED
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