The books of original entry for James Plc showed the following for the month ended 31 March
Question:
The books of original entry for James Plc showed the following for the month ended 31 March 20X9:
Previous trade receivable/trade payable balances were £53,450/£42,150.
Required
Prepare the sales ledger and the purchases ledger control accounts.
Transcribed Image Text:
Cash book: Discounts allowed Payments received from credit customers Discounts received Payments to credit suppliers Journal: Irrecoverable debts written off Purchases day book Sales day book Returns inward Returns outward Contra £ 7,300 294,100 3,150 249,200 £ 1,500 253,200 316,250 5,100 4,710 1,000
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Related Book For
Introduction To Financial Accounting
ISBN: 9781526803009
9th Edition
Authors: Anne Marie Ward, Andrew Thomas
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