Petra provides the following information, which has been extracted from her books of prime entry on 31
Question:
Petra provides the following information, which has been extracted from her books of prime entry on 31 August 20*8:
The dishonoured cheque for £360 was originally part of the monies received and, because it has now been ‘returned’, should be entered on the debit side of the control account.
Required
a) Prepare a sales ledger control account for the month of August 20*8.
b) Explain what the control account reveals.
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Step by Step Answer:
a Sales Ledger Control Account for August 208 Date Particulars Dr Cr Opening Balance 4980 Credit Sales 10100 Cash Sales 2450 Monies from Debtors 7400 ...View the full answer
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