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 June 2019.
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Sales ledger balances as at 1 June 2019 Purchases ledger balances as at 1 June 2019 Credit sales for March Credit purchases for March Cash and bank receipts in respect of credit sales 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 June 2019 Purchases ledger balances as at 30 June 2019 19,048 21,343 87,870 53,535 83,499 994 342 659 56,312 334 213 876 21,090 16,483
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2019 01 Jun Balances bd 30 Jun Credit sales Sales ledger control account 19048 87870 106918 2019 ...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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