You are re­quired to make en­tries in the stock move­ment books of James Knight.

Jamaica Gleaner - - YL: FEATURE -

What to do when pre­par­ing the jour­nals below: PUR­CHASES JOUR­NAL

a. The four ac­counts en­tered will be cred­ited with pur­chases in the pur­chases ledger. b. Pur­chases ac­count in the gen­eral ledger must be deb­ited with the to­tal of pur­chases jour­nal.

RE­TURNS OUT­WARDS JOUR­NAL

i. The first two ac­counts will be cred­ited in the pur­chases ledger. ii. The re­turns out­wards ac­count will be deb­ited with the amount in the gen­eral ledger.

SALES JOUR­NAL

i. Three ac­counts deb­ited in the sales ledger. ii. Sales ac­count will be cred­ited with the to­tal of sales jour­nal in the gen­eral ledger.

RE­TURNS IN­WARDS JOUR­NAL

a. The first ac­count will be cred­ited in the sales ledger. b. The sec­ond en­try rep­re­sents the credit note sent to the cus­tomer. c. The re­turn in­wards ac­count will be deb­ited with the amount in the gen­eral ledger.

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