From the following data, construct the sales ledger and purchases ledger control accounts for the month of
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From the following data, construct the sales ledger and purchases ledger control accounts for the month of September 2010.
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Sales ledger balances as at 1 September 2010 Purchases ledger balances as at 1 September 2010 Credit sales for September Credit purchases for September Cash sales Cash purchases Cash and bank receipts in respect of credit sales Dishonoured cheques Set-offs from sales ledger against purchases ledger balances Returns inwards Bad debts Payments made for credit purchases Discounts allowed Discounts received Returns outwards Sales ledger balances as at 30 September 2010 Purchases ledger balances as at 30 September 2010 10,321 11,233 70,213 64,565 5,435 9,879 59,977 765 756 1,123 10,121 59,808 1,432 433 765 7,890 14,036
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Related Book For
Frank Woods Business Accounting Basics
ISBN: 9780273725008
1st Edition
Authors: Frank Wood, Mr David Horner
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