Prepare debtors and creditors control accounts for the year commencing 1 July 2015 from the following information:
Question:
Prepare debtors and creditors control accounts for the year commencing 1 July 2015 from the following information:
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Balances at 1 July 2015 Debtors control Creditors control Summary of transactions to 30 June 2016: Credit sales Cash sales Credit purchases Cash purchases 15425 9870 101700 3540 71 620 3215 Cash paid to creditors Discount allowed by suppliers 45 280 560 725 Cash received from debtors 61590 Discount given to debtors
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Related Book For
Financial Accounting An Integrated Approach
ISBN: 9780170349680
6th Edition
Authors: Ken Trotman, Michael Gibbins, Elizabeth Carson
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