Find answers to your most challenging questions with the help of IDNLearn.com's experts. Join our Q&A platform to receive prompt and accurate responses from knowledgeable professionals in various fields.
SECTION 5 INVESTORY SYSTEM SECTION 5 (A) (15 MARKS) The following inventory transaction is recorded in the book of Spurgs Wholesalers in t he year 2024. January 3: Spurgs Wholesalers bought stock of goods from Cape Town for R11 500 inclusive of Vat and paid by EFT January 8: Paid railway for delivery of the stock of goods from Cape Town to Mthath a R2 300 Vat inclusive via bank EFT. February 1: Spurgs Wholesalers marks all goods up by 50% on costs. The stocks of g oods were invoiced to Kei Cash Retailers (invoice 231) for R17250 Vat inclusive. February 28: Spurgs Wholesalers paid salaries via EFT amounting to R4 600.00. Required: 1. Journalize using the perpetual inventory system (Perpetual method) 2. Journalized using the periodic inventory system (Periodic method)
Sagot :
Thank you for being part of this discussion. Keep exploring, asking questions, and sharing your insights with the community. Together, we can find the best solutions. Your search for answers ends at IDNLearn.com. Thanks for visiting, and we look forward to helping you again soon.
