From the following data, construct the sales ledger and purchases ledger control accounts for the month of
Question:
From the following data, construct the sales ledger and purchases ledger control accounts for the month of April 2011.
Transcribed Image Text:
Purchases ledger balances as at 1 April 2011 Credit sales for April Credit purchases for April Cash and bank receipts in respect of credit sales Credit balances in sales ledger as at 1 April 2011 Debit balances in purchases ledgers as at 1 April 2011 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 April 2011 Purchases ledger balances as at 30 April 2011 1,767 53,299 27,777 48,912 190 223 423 756 534 25,660 455 433 765 4,342 2,040
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
2011 Apr 01 Balances bd Apr 30 Credit sales Sales le...View the full answer
Answered By
PALASH JHANWAR
I am a Chartered Accountant with AIR 45 in CA - IPCC. I am a Merit Holder ( B.Com ). The following is my educational details.
PLEASE ACCESS MY RESUME FROM THE FOLLOWING LINK: https://drive.google.com/file/d/1hYR1uch-ff6MRC_cDB07K6VqY9kQ3SFL/view?usp=sharing
3.80+
3+ Reviews
10+ Question Solved
Related Book For
Frank Woods Business Accounting Basics
ISBN: 9780273725008
1st Edition
Authors: Frank Wood, Mr David Horner
Question Posted:
Students also viewed these Business questions
-
From the following data, construct the sales ledger and purchases ledger control accounts for the month of January 2012: Sales ledger balances as at 1 January 2012 Purchases ledger balances as at 1...
-
From the following data, construct the sales ledger and purchases ledger control accounts for the month of July 2010. Sales ledger balances as at 1 July 2010 Purchases ledger balances as at 1 July...
-
From the following data, construct the sales ledger and purchases ledger control accounts for the month of September 2010. Sales ledger balances as at 1 September 2010 Purchases ledger balances as at...
-
You have a project to build a new fence. The fence is four sided as shown below. Each side is to take one day to build and is budgeted for $1,000 per side. The sides are planned to be completed one...
-
What did the Uruguay Round accomplish?
-
What are some examples of duress?
-
Juliette Shulof Furs (JSF) was a New York corporation that had been in the fur-dealing business for 15 years. George Shulof, an officer of JSF, attended two auctions conducted by Finnish Fur Sales...
-
The City of Sweetwater maintains an Employees Retirement Fund, a singleemployer, defined benefit plan that provides annuity and disability benefits. The fund is financed by actuarially determined...
-
3. The distance between carbon atoms in diamond is 0.154 nm. What is this distance in meters? Have Factor 0.154 nm 1 x 10^9nm Want 1.54 x 10^-10m 4. Calculate the number of grams in 32.0 lbs....
-
Outline three advantages of operating as a sole trader as compared to operating as a partnership.
-
From the following data, construct the sales ledger and purchases ledger control accounts for the month of June 2019. Sales ledger balances as at 1 June 2019 Purchases ledger balances as at 1 June...
-
Identify some of the people interested in making decisions about a company.
-
What is Internal Control and what does it seek to accomplish? Give three examples of different controls. If you owned a company (or if you do currently), what controls would you put in place to...
-
How does the operating system kernel manage concurrent access to shared resources within a multi-threaded environment, and what mechanisms does it employ to ensure fairness and efficiency in resource...
-
Examine the architectural considerations and performance optimizations involved in designing operating systems for modern heterogeneous computing platforms, including support for specialized hardware...
-
Can risk and return be completely eliminated from investment activities?
-
For each of the following, compute the present value. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Present Value Years Interest Rate Future value...
-
Arm ABD is connected by pins to a collar at B and to crank DE. Knowing that the velocity of collar B is 16 in./s upward, determine (a) The angular velocity of arm ABD, (b) The velocity of point A....
-
Anne is employed by Bradley Contracting Company. Bradley has a $1.3 million contract to build a small group of outbuildings in a national park. Anne alleges that Bradley Contracting has discriminated...
-
For the kinds of business products described in this chapter, complete the following table (be brief, use one or a few well-chosen words). 1. Kind of distribution facility( ies ) needed and functions...
-
Wholesteen Dairy, Inc., produces and sells Wholesteen brand condensed milk to grocery retailers. The overall market for condensed milk is fairly flat, and theres sharp competition among dairies for...
-
Explain how industry sales and industry profits behave over the product life cycle.
-
Question 3 Sample Sample Sample Sample Sample ATTRIBUTE NAME Data Data Data Data Data CUSTOMER_ID 100 100 125 CUSTOMER_NAME CUSTOMER_ADDRESS DINNER_ID Jenny Smith Jenny 34 Rose Street Smith 34 Rose...
-
The demand for community center workout sessions in a local suburb, can be represented by the demand curve, P = 30 - 0.5Q, and the supply curve, P = 0.1Q, where P is the price of a workout class and...
-
Let r = costi + sintj + Incostk. Find T and N and the curvature at (1,0,0).
Study smarter with the SolutionInn App