During the half year, debit balances in the sales ledger, amounting to 438, were transferred to the
Question:
During the half year, debit balances in the sales ledger, amounting to £438, were transferred to the purchases ledger.
Required:
Prepare the sales ledger control account and the purchases ledger control account for the half-year to 31 December 20X9.
Transcribed Image Text:
Sales ledger balances, 1 July 20X9 - Debit - Credit Purchases ledger balances, 1 July 20X9 - Debit - Credit Activities during the half-year to 31 December 20X9: Payments to trade creditors Cheques from credit customers Purchases on credit Sales on credit Bad debts written off Discounts allowed Discounts received Returns inwards Returns outwards Sales ledger credit balances at 31 December 20X9 Purchases ledger debit balances at 31 December 20X9 £ 20,040 56 12 14,860 93,685 119,930 95,580 124,600 204 3,480 2,850 1,063 240 37 26
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Related Book For
Frank Woods Business Accounting Volume 1
ISBN: 9780273681496
10th Edition
Authors: Frank Wood, Alan Sangster
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