From the following data, construct the sales ledger and purchases ledger control accounts for the month of
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From the following data, construct the sales ledger and purchases ledger control accounts for the month of July 2010.
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Sales ledger balances as at 1 July 2010 Purchases ledger balances as at 1 July 2010 Credit sales for July Credit purchases for July Payments made for credit purchases Cash sales Cash purchases Cash and bank receipts in respect of credit sales Dishonoured cheques Set-offs from sales ledger against purchase ledger balances Returns inwards Returns outwards Bad debts Discounts allowed Discounts received Sales ledger balances as at 31 July 2010 Purchases ledger balances as at 31 July 2010 785 1,010 4,342 2,390 2,761 890 1,121 3,989 115 52 78 290 65 99 82 959 215
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2010 01 Jul Balances bd 31 Jul Credit sales 31 Jul Dishonoured Sales ledger control account 785 43...View the full answer
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Related Book For
Frank Woods Business Accounting Basics
ISBN: 9780273725008
1st Edition
Authors: Frank Wood, Mr David Horner
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