Shabangu Suppliers (not a registered VAT vendor) is a retail entity situated in the Limpopo province. The perpetual inventory system is in use and merchandise are sold at a 20% mark-up on cost. The following transactions took place during May 2023: Date Transaction R 6 Purchased merchandise from Matsene traders and paid cash. 7 548 15 Sold merchandise to Mr

Sep 8, 2023

Shabangu Suppliers (not a registered VAT vendor) is a retail entity situated in the Limpopo province. The perpetual inventory system is in use and merchandise are sold at a 20% mark-up on cost. The following transactions took place during May 2023:

Date Transaction R
6 Purchased merchandise from Matsene traders and paid cash. 7 548
15 Sold merchandise to Mr Hall for cash 2 568
29 Purchased merchandise from Zittace traders on account. 10 800
31 Returned merchandise purchased on credit to Zittace traders 2 703

The opening balance of the inventory account on 1 May 2023 was R5 411

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Shabangu Suppliers (not a registered VAT vendor) is a retail entity situated in the Limpopo province. The perpetual inventory system is in use and merchandise are sold at a 20% mark-up on cost. The following transactions took place during May 2023: Date Transaction R 6 Purchased merchandise from Matsene traders and paid cash. 7 548 15 Sold merchandise to Mr
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Post the above transactions to the general ledger account 

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