PQR Limited keeps accounts receivable control accounts in the General Ledger. The transactions for the month ended 30 September 20XX were as follows:

	$
Credit balances on 1 September	154
Debit balances on 1 September	956
Credit balances on 30 September	178
Credit sales	4,563
Cheques received from debtors	3,140
Cash received from debtors	1,367
Bad debts written off	68
Discounts allowed	169
Contra from purchases ledger	34
Refunds to debtors	62
Returns inwards	231

Required:

Accounts receivables ledger control account for the month of September 20XX

Answer rating: 100% (QA)

To prepare the accounts receivable ledger control account for PQR Limited for the month of September 20XX we need to list down the transactions and th... View the full answer