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 June 2019.
Transcribed Image Text:
Sales ledger balances as at 1 June 2019 Purchases ledger balances as at 1 June 2019 Credit sales for March Credit purchases for March Cash and bank receipts in respect of credit sales 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 June 2019 Purchases ledger balances as at 30 June 2019 19,048 21,343 87,870 53,535 83,499 994 342 659 56,312 334 213 876 21,090 16,483
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 0% (1 review)
2019 01 Jun Balances bd 30 Jun Credit sales Sales ledger control account 19048 87870 106918 2019 ...View the full answer
Answered By
Ali Khawaja
my expertise are as follows: financial accounting : - journal entries - financial statements including balance sheet, profit & loss account, cash flow statement & statement of changes in equity -consolidated statement of financial position. -ratio analysis -depreciation methods -accounting concepts -understanding and application of all international financial reporting standards (ifrs) -international accounting standards (ias) -etc business analysis : -business strategy -strategic choices -business processes -e-business -e-marketing -project management -finance -hrm financial management : -project appraisal -capital budgeting -net present value (npv) -internal rate of return (irr) -net present value(npv) -payback period -strategic position -strategic choices -information technology -project management -finance -human resource management auditing: -internal audit -external audit -substantive procedures -analytic procedures -designing and assessment of internal controls -developing the flow charts & data flow diagrams -audit reports -engagement letter -materiality economics: -micro -macro -game theory -econometric -mathematical application in economics -empirical macroeconomics -international trade -international political economy -monetary theory and policy -public economics ,business law, and all regarding commerce
4.00+
1+ 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...
-
This scenario is based on thefollowing information: Jo King, aged 58 provided the following information for the year ended 30 June 2023. Table2 - Jo's receipts Receipts $ Net salary (PAYG tax...
-
What are the major accomplishments of the Kennedy Round? Of the Tokyo Round? What do the Trade Acts of 1984 and 1988 provide?
-
Indicate whether each of the following statements is true or false by writing T or F i n t he a nswer c olumn. If a person knowingly makes a false statement of a material fact in a contract with the...
-
Tandrin Aviation Holdings Ltd. agreed to sell a jet aircraft to Aero Toy Store, LLC, for \($31.75\) million. ATS paid a \($3\) million deposit to a third party with the balance due upon delivery....
-
In September 2009, The Walt Disney Company announced that it would acquire Marvel Entertainment in a $4 billion cash and common stock deal. On a per-share basis, the consideration given by Disney to...
-
6. A carver begins work on a block of granite that measures 20 cm by 10 cm by 5 cm. Granite has a density of 2.7 g/cm. What is the mass of the piece of granite? a. What do you need to calculate...
-
From the following data, construct the sales ledger and purchases ledger control accounts for the month of April 2011. Purchases ledger balances as at 1 April 2011 Credit sales for April Credit...
-
From the following data, construct the sales ledger and purchases ledger control accounts for the month of March 2016. Sales ledger balances as at 1 March 2016 Purchases ledger balances as at 1 March...
-
a) How did this lawsuit arise? b) Why didn't the parties clear up the disagreement before going ahead with the deal? c) Sanders explicitly said it needed the boilers in August. Superior did not...
-
Epstein's creditors are threatening to garnish his bank account. Epstein, who is insolvent, makes a gift of $20,000 to the Jewish Community Federation of Richmond. Within two years, Epstein files for...
-
Describe the features of an asset and give two examples of assets typically recorded in a company's balance sheet.
-
Explore the principles of deadlock detection and avoidance in operating systems, discussing the various deadlock resolution strategies, such as resource preemption, process rollback, and deadlock...
-
Emerald City Stained Glass Company is creating their Selling and Administrative Expense Budget for next year. They know the following information: Budgeted sales are expected to be 10,000 units,...
-
In these scenarios, you are a community correctional administrator tasked with making policy changes, changes in the way things are done and, if need be, personnel adjustments. You also have control...
-
A 60-mm-radius drum is rigidly attached to a 100-mm-radius drum as shown. One of the drums rolls without sliding on the surface shown, and a cord is wound around the other drum. Knowing that end E of...
-
Consider the combustion of methanol below. If 64 grams of methanol reacts with 160 grams of oxygen, what is the CHANGE in volume at STP. 2CH3OH(g) + 3O2(g) 2CO2(g) + 4H2O(1) The volume decreases by...
-
Cite two examples of products that you think are currently in each of the product life-cycle stages. Consider services as well as physical goods.
-
Explain how you might reach different conclusions about the correct product life-cycle stage(s) in the worldwide automobile market.
-
Explain why individual brands may not follow the product life-cycle pattern. Give an example of a new brand that is not entering the life cycle at the market introduction stage.
-
If quantity demanded is impacted place an X in the space near Quantity Demanded. If demand is impacted, place an X in the space near Demand. If demand is impacted, illustrate how demand is impacted...
-
What does a liberal international order entail (please give a definition)? Why do many argue that a liberal international order is necessary? What are some of the shortcomings of the liberal economic...
-
What strategies can organizations employ to address unethical behavior and promote a culture of integrity and accountability?
Study smarter with the SolutionInn App