Q-1 An inventory of cheddar cheese (Craft) is low in Hyper Panda at King Fahad rd. branch in Riyadh, therefore it is necessary to purchase more...

Q-1 An inventory of cheddar cheese (Craft) is low in Hyper Panda at King Fahad rd. branch in Riyadh, therefore it is necessary to purchase more cheddar cheese. So, the procurement department has contacted the local supplier of Craft in Saudi Arabia and purchased a quantity of 1000 Craft cheese can with a price of

3 SAR/ cheese can.             Hint: (3X1000= 3000 SAR).

Record financial impacts of goods receipt, invoice verification and payment processing by using the T-accounts?

Q-2 Consider this scenario: