Answer To Accounting Test Question CO No. 1 On Control Account
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Answer to Accounting Test Question CO No.1: |
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(a) Purchases Ledger Control Account
Sales Ledger Control Account
(b) Mr William Balance Sheet As At 30 September 2005 Current Assets Trade debtors ($28,982-$2,154) $26,828 Less: Provision for doubtful debts $4,500 $22,328 Current Liabilities Trade creditors ($25,219-$563) $24,656
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