Nkome Traders, owner T Nkome, is a registered VAT vendor. The VAT rate applicable is 15%. Transactions: 20.3 February 3 Received and invoice (re-numbered to 20.3/105) from Bapela Wholesalers for merchandise purchased on credit for R18 975. 5 Some of the items to the value of R1 265 on invoice number 20.3/105 was not received. Issued a debit note for the amount. Bapela Wholesalers granted the claim and issued a credit note for the amount claimed. 10 Bought stationery, R1 035, from Big Stationers and received their invoice. 12 Received an invoice from Electronics Traders for the purchase of a new printer for R3 680. 17 Bought merchandise to the value of R21 965 from Bangani Wholesalers and received their invoice. Complete the given Purchases journal and Purchases returns journal for February 20.3.
Nkome Traders, owner T Nkome, is a registered VAT vendor. The VAT rate applicable is 15%.
Transactions:
20.3 February |
|
3 |
Received and invoice (re-numbered to 20.3/105) from Bapela Wholesalers for merchandise purchased on credit for R18 975. |
5 |
Some of the items to the value of R1 265 on invoice number 20.3/105 was not received. Issued a debit note for the amount. Bapela Wholesalers granted the claim and issued a credit note for the amount claimed. |
10 |
Bought stationery, R1 035, from Big Stationers and received their invoice. |
12 |
Received an invoice from Electronics Traders for the purchase of a new printer for R3 680. |
17 |
Bought merchandise to the value of R21 965 from Bangani Wholesalers and received their invoice. |
Complete the given Purchases journal and Purchases returns journal for February 20.3.
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