From the following data, construct the sales ledger control account for the month of November 2018. Balances
Question:
From the following data, construct the sales ledger control account for the month of November 2018.
Transcribed Image Text:
Balances of trade receivables at 1 Nov 2018 Balances of trade receivables at 30 Nov 2018 For the month of November 2018: Credit sales Cash book entries representing receipts from trade receivables Discounts allowed Returns inwards 1,142 698 8,899 9,201 54 88
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 0% (1 review)
2018 Nov 1 Balances bd Nov 30 Credit sa...View the full answer
Answered By
PALASH JHANWAR
I am a Chartered Accountant with AIR 45 in CA - IPCC. I am a Merit Holder ( B.Com ). The following is my educational details.
PLEASE ACCESS MY RESUME FROM THE FOLLOWING LINK: https://drive.google.com/file/d/1hYR1uch-ff6MRC_cDB07K6VqY9kQ3SFL/view?usp=sharing
3.80+
3+ Reviews
10+ Question Solved
Related Book For
Frank Woods Business Accounting Basics
ISBN: 9780273725008
1st Edition
Authors: Frank Wood, Mr David Horner
Question Posted:
Students also viewed these Business questions
-
The following particulars relating to the year ended 31 March 20X3 have been extracted from the books of Heel and Toe, footwear wholesalers. All sales have been recorded in personal accounts in the...
-
The following figures relating to the year ended 31 March 20X3 have been extracted from the books of a manufacturer: ............................................................... Total of sales...
-
The following particulars relating to the year ended 31 March 20X3 have been extracted from the books of a trader:...
-
Express the following directions by two other means; set up and fill in a table with three columns, one for bearing, one for azimuthN (AzimN), and one for azimuths (Azims): a. N 3040'E b. AzimN...
-
What is meant by the protection cost, or deadweight loss, of a tariff? How is this measured?
-
Browne offered to sell Houlihan his recently purchased 50-inch plasma screen television set for $6,400. Houlihan sent Browne an e-mail accepting the offer but asked if she could pay Browne in four...
-
Lynn Goldsmith is a photographer known for her photographs of famous musicians. In 1981, Goldsmith had a photography session with the singer Prince. Three years later, Vanity Fair obtained a license...
-
Fred Moss, owner of Moss Interiors, is negotiating for the purchase of Zweifel Galleries. The balance sheet of Zweifel is given in an abbreviated form below. Moss and Zweifel agree that: 1. Land is...
-
Calculate the following for a 3 ft 4 ft window with the label to the right. The summer design conditions for peak cooling load are 70 and 60% RH inside; 90 and 90% outside; and a peak direct solar...
-
From the following data, construct the sales ledger control account for the month of January 2017. Balances of trade receivables at 1 Jan 2017 Balances of trade receivables at 31 Jan 2017 For the...
-
You are a systems analyst working on a project to develop an intranet for a large organization with several thousand employees working in offices throughout the United States. This will be the...
-
End A of the 6-kg uniform rod AB rests on the inclined surface, while end B is attached to a collar of negligible mass which can slide along the vertical rod shown. When the rod is at rest a vertical...
-
Given an initial state of an 8-puzzle problem and the final state to be reached. Show the path and the most cost-effective path and to reach the final state from the initial state using the A*...
-
The Allegheny Valley Power Company common stock has a beta of 0.80. If the current risk-free rate is 6.5% and the expected return on the stock market as a whole is 16%, determine the cost of equity...
-
Joanne is thinking about opening a long position in IBM. She plans to buy 133 shares and to ask for a broker loan of $6,407.18. The initial margin is 32.80% and the maintenance margin is 25.46%. The...
-
How much principal is repaid in the first payment interval on a $100,000 25-year mortgage? The mortgage is amortized over 25 years and the payments are monthly. The interest rate is 6% compounded...
-
Debt payments of $1,810.00 due today, $945 due in 113 days and $590.00 due in 325 days respectively are to be combined into a single payment to be made 160 days from now. Using an interest rate of...
-
The cylinder shown rotates at the constant rate 2 = 8 rad/s with respect to rod CD, which itself rotates at the constant rate 1 = 6 rad/s about the X axis. For the position shown, determine the...
-
What types of inventory issues Starbucks might reflect upon at the end of each year? The mission of Starbucks is to inspire and nurture the human spiritone person, one cup, and one neighborhood at a...
-
How does the nature of the product relate to the degree of market exposure desired?
-
Why would intermediaries want to be exclusive distributors for a product? Why would producers want exclusive distribution? Would intermediaries be equally anxious to get exclusive distribution for...
-
Explain the present legal status of exclusive distribution. Describe a situation where exclusive distribution is almost sure to be legal. Describe the nature and size of competitors and the industry,...
-
What role does leadership play in setting and upholding ethical standards within an organization?
-
How does Performance Management contribute to organizational success in today's dynamic business environment?
-
A fire occured in the godown of M/s. Krishna Traders on 31st March 2015. The stock as on 31st December 2014 was valued at Rs. 5,88,000. From the following particulars relating to the period from 1st...
How To Make Big Money Trading In All Financial Conditions 1st Edition - ISBN: 1908756535 - Free Book
Study smarter with the SolutionInn App