The following information relates to the business of Romelu for the year ended 31 December 2020: Required:
Question:
The following information relates to the business of Romelu for the year ended 31 December 2020:
Required:
Prepare the sales ledger control account and purchases ledger control account for 2020.
Transcribed Image Text:
Doubtful debts to be allowed for (in addition to those written-off) Discounts received Cash sales Returns outwards (of goods previously bought on credit) Discounts allowed Bad debts written-off during 2020 Returns inwards (of goods previously sold on credit) Total trade payables at 1.1.2020 Total trade receivables at 1.1.2020 Amounts paid to credit suppliers Credit purchases Cash from credit customers (including 370 from a customer whose debt was written off in 2019) Credit sales 660 1,310 1,490 2,330 3,160 4,770 8,150 16,400 23,220 109,040 114,800 146,980 162,540
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Jan 1 Bal bd Credit sales Sales Ledger Control Account 23220 162540 Discounts ...View the full answer
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