The following information relates to the business of Amit Juneja for the year ended 31 December 2019:
Question:
The following information relates to the business of Amit Juneja for the year ended 31 December 2019:
Required:
Prepare the sales ledger control account and purchases ledger control account for 2019.
Transcribed Image Text:
Amounts paid to credit suppliers Bad debts written-off Cheques and bank transfers received from credit customers Contras (set-offs) between trade receivables and payables Credit purchases Credit sales Discounts allowed Discounts received Dishonoured cheques received from credit customers Interest charged to customers for late payment Refunds of credit balances paid to customers Refunds of debit balances received from suppliers Returns inwards Returns outwards Total trade payables at 1.1.2019 Total trade receivables at 1.1.2019 223,990 7,220 213,420 3,230 243,920 240,740 4,860 4,870 810 1,340 2,150 610 12,280 9,780 30,490 40,290
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Related Book For
Frank Woods Business Accounting An Introduction To Financial Accounting
ISBN: 9781292365435
15th Edition
Authors: Alan Sangster, Lewis Gordon, Frank Wood
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