The following information is extracted from the books of Brygola Limited for the year ended December 31, 2019:

ACCOUNT AMOUNT

£

Debtors (01/01/2019)

1,5000

Creditors (01/01/2019)

4500

Bad Debt

220

Discount Received

250

Cash Received from Debtors

11500

Cheque Receipt from Debtors

500

Debtors Set off

120

Discount Allowed

115

Credit Sales

2500

Credit Purchases

1200

Cash Payment to Creditors

1800

Cheque Payment to Creditors

1120

Understated Credit Sales

150

Overstated Cash Receipt from Debtors

200

Return inwards

130

Return Outwards

160

Overstated Cheque Payment to Creditors

100

Required:

You are required to prepare the Debtors and Creditors Ledger Control Accounts for the year ended December 31, 2019

Answer rating: 100% (QA)

Debtors Ledger Control Account Particulars Amount Particulars Amount Opening Balance 15000 Discount ... View the full answer