Answer ALL questions. Ashak Solona maintains a full set of accounting records and provides the following...
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Answer ALL questions. Ashak Solona maintains a full set of accounting records and provides the following information for the month of March 2012. Total debtors on 1 March 2012 Totals for the month of March 2012 Credit sales Credit purchases Returns from credit customers Returns to credit suppliers Bad debts written off Dishonoured cheque Receipts from credit customers Payments to credit suppliers Discount allowed Discount received Contra entry (set off) £ 12 800 26 780 15 432 2 453 1 659 350 125 11 450 8 760 589 357 350 (a) Select the relevant figures and prepare the sales ledger (total debtors) control account for the month of March 2012. Balance the account and bring down the balance on 1 April 2012. Sales ledger (total debtors) control account (b) Explain how a contra entry (set off) between the sales ledger an purchases ledger can arise. (3) Answer ALL questions. Ashak Solona maintains a full set of accounting records and provides the following information for the month of March 2012. Total debtors on 1 March 2012 Totals for the month of March 2012 Credit sales Credit purchases Returns from credit customers Returns to credit suppliers Bad debts written off Dishonoured cheque Receipts from credit customers Payments to credit suppliers Discount allowed Discount received Contra entry (set off) £ 12 800 26 780 15 432 2 453 1 659 350 125 11 450 8 760 589 357 350 (a) Select the relevant figures and prepare the sales ledger (total debtors) control account for the month of March 2012. Balance the account and bring down the balance on 1 April 2012. Sales ledger (total debtors) control account (b) Explain how a contra entry (set off) between the sales ledger an purchases ledger can arise. (3)
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Related Book For
Cambridge IGCSE And O Level Accounting Coursebook
ISBN: 9781316502778
2nd Edition
Authors: Catherine Coucom
Posted Date:
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