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 March 2016.
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Sales ledger balances as at 1 March 2016 Purchases ledger balances as at 1 March 2016 Credit sales for March Credit purchases for March Cash and bank receipts in respect of credit sales Set-offs from sales ledger against purchase ledger balances Returns inwards Bad debts Payments made for credit purchases Discounts allowed Discounts received Returns outwards Sales ledger balances as at 31 March 2016 Purchases ledger balances as at 31 March 2016 6,646 3,424 34,530 27,671 35,559 190 2,090 760 24,043 755 543 1,785 1,822 4,534
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2016 01 Mar Balances bd 31 Mar Credit sales Sales ledger control account 2016 6646 31 Mar Cash ...View the full answer
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Mugdha Sisodiya
My self Mugdha Sisodiya from Chhattisgarh India. I have completed my Bachelors degree in 2015 and My Master in Commerce degree in 2016. I am having expertise in Management, Cost and Finance Accounts. Further I have completed my Chartered Accountant and working as a Professional.
Since 2012 I am providing home tutions.
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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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