Scrumptious Candies is in wholesale business of candies, follows double entry book-keeping. They calculate trade receivables...
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Scrumptious Candies is in wholesale business of candies, follows double entry book-keeping. They calculate trade receivables by preparing a Trade Receivable (Sales) Ledger Control Account and calculate trade payables by preparing a Trade Payables (Purchases) Ledger Control Account The following details are available for March 2022 Sales ledger control account balances 1 March 2022: Purchases ledger control balances on 1 March 2022 Sales ledger control account balances 1 April 2022 Purchases ledger control balances on 1 April 2022 Debit 4 43 000 4.700 ? 5 200 For the month ended 31 March 2022 the following information is available: Sales were made on credit 154 000 and 25 420 for cash Purchases were made on credit 76 000 Credit notes issued for Sales Returns totalling 14 420 Credit 4 900 36 700 3 300 ? Scrumptious Candies is in wholesale business of candies, follows double entry book-keeping. They calculate trade receivables by preparing a Trade Receivable (Sales) Ledger Control Account and calculate trade payables by preparing a Trade Payables (Purchases) Ledger Control Account The following details are available for March 2022 Sales ledger control account balances 1 March 2022: Purchases ledger control balances on 1 March 2022 Sales ledger control account balances 1 April 2022 Purchases ledger control balances on 1 April 2022 Debit 4 43 000 4.700 ? 5 200 For the month ended 31 March 2022 the following information is available: Sales were made on credit 154 000 and 25 420 for cash Purchases were made on credit 76 000 Credit notes issued for Sales Returns totalling 14 420 Credit 4 900 36 700 3 300 ?
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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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