Subject: Accounting
Pleasee answerr
7 Aryan is a retailer. He trades with Mikhail, a w...
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Subject: Accounting
Pleasee answerr
7 Aryan is a retailer. He trades with Mikhail, a wholesaler.
The following business documents were exchanged in May:
Cheque, credit note, debit note, invoice, receipt, statement of account.
a List these documents in the order in which they would be issued. Name the person
who issued each document.
bExplain why each document was issued.
c Name the book of prime entry in which each trader would record the documents.
If the document would not be recorded in a book of prime entry give a reason for this.
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