Xiu Jin supplies the following information for October 20*8: Required Prepare a purchases ledger control account for
Question:
Xiu Jin supplies the following information for October 20*8:
Required
Prepare a purchases ledger control account for the month of October 20*8.
Transcribed Image Text:
Credit balances in purchase ledger on 1 October 20*8 Debit balances in purchase ledger on 1 October 20*8 Credit purchases Cash purchases Cash paid to creditors Discounts received Discounts allowed Returns outwards Returns inwards Debit balances in purchases ledger on 31 October 20*8 £ 3,551 37 15,338 4,119 12,440 1,084 936 32 631 154
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (2 reviews)
Purchases Ledger Control Account October 208 Date Particulars Debit Credit 1Oct208 Opening Balance C...View the full answer
Answered By
Abdul Wahab Qaiser
Before working at Mariakani, I volunteered at a local community center, where I tutored students from diverse backgrounds. I helped them improve their academic performance and develop self-esteem and confidence. I used creative teaching methods, such as role-playing and group discussions, to make the learning experience more engaging and enjoyable.
In addition, I have conducted workshops and training sessions for educators and mental health professionals on various topics related to counseling and psychology. I have presented research papers at conferences and published articles in academic journals.
Overall, I am passionate about sharing my knowledge and helping others achieve their goals. I believe that tutoring is an excellent way to make a positive impact on people's lives, and I am committed to providing high-quality, personalized instruction to my students.
0.00
0 Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Rory McDuff supplies the following information for the month of December 20*8: Required a) Prepare a sales ledger control account for the month of December 20*8. b) Prepare a purchases ledger control...
-
Ifor Jones supplies the following information for the month of February 20*8: Required a) Prepare a sales ledger control account for the month of February 20*8. b) Prepare a purchases ledger control...
-
The following information has been extracted from the books of Smith Ltd for the month of February 2015. Required Prepare a sales ledger control account and a purchases ledger control account at 28...
-
A beam of light consisting of two wavelengths, 650 nm and 520 nm, is used to obtain interference fringes in a Young's double-slit experiment. Find the distance of the third bright fringe on the...
-
On December 31, 2007, Flessel Company issues 120,000 share appreciation rights to its officers entitling them to receive cash for the difference between the market price of its shares and a...
-
On January 1, 2010, Price Company acquired an 80% interest in the common stock of Smith Company on the open market for $750,000, the book value at that date. On January 1, 2011, Price Company...
-
The number of units to be sold to reach a certain target profit is calculated as a. target profit unit contribution margin b. target profit contribution margin ratio c. (fixed expenses + target...
-
Dillons Corporation made credit sales of $30,000 which are subject to 6% sales tax. The corporation also made cash sales which totaled $20,670 including the 6% sales tax. (a) Prepare the entry to...
-
The correct syntax of the re . sub ( ) function is re . sub ( string , replacement, pattern ) re . sub ( pattern , string, replacement ) re . sub ( replacement , pattern, string ) re . sub ( pattern...
-
Dick Dresden supplies the following information for March 20*8: Required Prepare a debtors ledger control account for the month of March 20*8. Total debtors on 1 March 20*8 Credit sales Cash sales...
-
Melodie Clyde supplies the following information for November 20*8: Required Prepare a debtors ledger control account for the month of November 20*8. Debit balances in debtors' ledger on 1 November...
-
Based on Exhibit 2, the client most likely to benefit from the introduction of an additional overlay manager is: A. Adele Kastner. B. Braunt Pensionskasse. C. Franz Trading GmbH. Guten Investments...
-
QUESTION B3 (4+4+2 = 10 marks) Pacific Blue Limited has a beta of 0.8, the rate on Australian Treasury Bonds is 2.5% and the expected return for the All Ordinaries Index is 6%. Required: a) Calculate...
-
Please check if this assignment is correct. If it is not, please help me with the solution. 3 Milestone Two - Contribution Margin Analysis 4 2 56 8 Sales Price per Unit 9 Variable Cost per Unit 11...
-
The European Union considered labeling crude oil from the oil sands in Alberta "dirty" as it produces more greenhouse gases in obtaining it compared to other methods of obtaining oil. This would make...
-
Complete the following analysis. Do not hard code values in your calculations. Pro forma balance sheet Debt Equity Total Pro forma income statement Sales Costs Net income Dividends Add. To RE Assets...
-
The completion times for a certain marathon race was 3.1 hours with a standard deviation of 0.5 hours. What can you determine about these data by using Chebyshev's Inequality with K=3? O At least 75%...
-
The figure below represents part of the emission spectrum for a one- electron ion in the gas phase. All the lines result from electronic transitions from excited states to the n = 3 state. a. What...
-
A test car is driven a fixed distance of n miles along a straight highway. (Here n Z+.) The car travels at one mile per hour for the first mile, two miles per hour for the second mile, four miles...
-
Give two examples of credit entries in a partner's current account.
-
Give two examples of debit entries in a partner's current account.
-
Interest on drawings cannot be charged if partners are entitled to interest on capital. True/False?
-
Explain briefly why countries trade If two countries, Chile and Agentina start to trade, what will determine what each country will exportor import? Explain why countries do not produce everything...
-
Explain how the relative prices of rugs and robots in autarky compare with the relative prices when Canada and India start to trade? In your answer explain which country will export/import which...
-
Discuss how a good understanding of the state of the economy might help you make better decisions. Discuss how much of a role you think a government should play in a market system. Explain how you...
Study smarter with the SolutionInn App