From the following figures, compile debtors ledger and creditors ledger control accounts for the month, and ascertain
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From the following figures, compile debtors ledger and creditors ledger control accounts for the month, and ascertain what the net balances of the respective ledgers should be on 31 January 20X0.
Transcribed Image Text:
Balances on 1 January 20X0 Debtors ledger - Dr Cr Creditors ledger - Dr Cr Total for the month to 31 January 20X0 Purchases Sales Purchase returns Debtors accounts settled by contra accounts with creditors Bad debt written off Discounts and allowances to customers Cash received from customers Cash discount received Cash paid to creditors Cash paid to customers £ 46,462 245 1,472 25,465 £ 76,474 126,024 2,154 455 1,253 746 120,464 1,942 70,476 52
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Frank Woods Business Accounting Volume 1
ISBN: 9780273681496
10th Edition
Authors: Frank Wood, Alan Sangster
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