The details below have been taken from the books of Sue Sprungs business in connection with the
Question:
The details below have been taken from the books of Sue Sprung’s business in connection with the quarter ended 30 June 2020:
Required:
(a) Construct Sue’s sales ledger control account and purchases ledger control account for the quarter ended 30 June 2020.
(b) State the source documents which will have been used for making entries in the:
(i) Sales day book (ii) Returns inwards day book.
(c) Explain three benefits of maintaining a purchases ledger control account.
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Related Book For
Frank Woods Business Accounting An Introduction To Financial Accounting
ISBN: 9781292365435
15th Edition
Authors: Alan Sangster, Lewis Gordon, Frank Wood
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