QUESTION 1 Tembo opened a wholesale shoe business on 1 Augus…
QUESTION 1 Tembo opened a wholesale shoe business on 1 August 2020. He buys and sells on credit terms. REQUIRED (a) (i) State the purpose of a debit note received by Tembo from Abe, a credit customer. (1) (ii) Complete the following table by placing a tick to indicate how Tembo would record this debit note in the account of Abe. Credit Abe’s account Debit Abe’s account No entry (1)
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