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 April 2011.
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Purchases ledger balances as at 1 April 2011 Credit sales for April Credit purchases for April Cash and bank receipts in respect of credit sales Credit balances in sales ledger as at 1 April 2011 Debit balances in purchases ledgers as at 1 April 2011 Set-offs from sales ledger against purchases ledger balances Returns inwards Bad debts Payments made for credit purchases Discounts allowed Discounts received Returns outwards Sales ledger balances as at 30 April 2011 Purchases ledger balances as at 30 April 2011 1,767 53,299 27,777 48,912 190 223 423 756 534 25,660 455 433 765 4,342 2,040
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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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