Lesson No. 10: Accountancy: Returns, Debit Notes and Credit Notes — The Reverse Journey of Goods

A furniture shop receives an order for 100 chairs. A few days later, the owner discovers that some chairs are defective. The supplier agrees to take them back. Meanwhile, another

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Lesson No. 10: Accountancy: The Shopkeeper’s Challenge — Preparing Purchases and Sales Books

A business owner receives invoices, sells goods to customers, buys supplies, and purchases furniture for the office. The challenge is to calculate the amounts and decide which transactions belong in

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Lesson No. 10: Accountancy: The Four Special Journals That Keep a Business Organised

Imagine a busy furniture shop. Goods arrive from suppliers, customers buy products, and sometimes defective goods travel back in the opposite direction. If every transaction were recorded in one enormous

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