Page 19 Chapter 2
P. 19
CHAPTER 2
Selling Goods and Services
2.7
At the beginning November 2017 G Stephens had an opening balance of £325.00.
th
On 6 November he bought goods worth £650.00 including VAT. (Invoice 23469).
th
On 7 November he paid £315.25 which was for the opening balance, but which he took
£9.75 prompt payment discount to which he was entitled.
st
On 21 November he bought more goods worth £700.00 including VAT (Invoice 23576).
nd
On 22 November he returned goods which were faulty. The value including VAT was
£50.00. (Credit Note CN57)
th
Draw up G Stephen’s statement of account for 30 November
STATEMENT OF ACCOUNT
T&T Ltd
154 Margaret St, Immingham, IM17 9RQ
To
G Stephens Account GS01
65 Dudley Road
Birmingham Date
B5 4BL
Date Details Debit Credit Balance
£ £ £
TOTAL AMOUNT OUTSTANDING
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