Prepare the Trade payables control account for the month ending on 31 July. Balances in suppliers' accounts
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Prepare the Trade payables control account for the month ending on 31 July.
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Balances in suppliers' accounts as at 1 July 2012: Debit balances Credit balances Journal information: Offset by contra £11,450 £214,840 £22,660 Totals for July 2012: Purchases Day Book Purchases Returns Day Book Discount column (Cash Book receipt side) Payments to suppliers Debit balance in Payables ledger 31.7.2012 £627,550 £22,340 £42,800 £586,750 £5,160
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Balance bf Purchase returns Discount received ...View the full answer
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Related Book For
Financial Accounting An Introduction
ISBN: 9780273737650
2nd Edition
Authors: Mr Barry Elliott, Mr Augustine Benedict
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