Accounting Test Question CO No 1 On Control Account |
||||||||||||||||||||||||||||||||||||||||||||
Question: The following information related to Mr. William for the year ended 30 September 2005:-
Balances in the books of Mr William at 1 October 2004: Sales Ledger Debit : $43,628 Credit: $1,240 Purchases Ledger Debit: $324 Credit :$24,695 Required: (a) Prepare the Purchases Ledger Control Account and Sales Ledger Control Accounts as they would appear in the General Ledger of Mr William for the year ended 30 September 2005 ( 18 marks) (b) Prepare a Balance Sheet extract showing Trade Debtors and Trade Creditors at 30 September 2005 (7 marks)
|
||||||||||||||||||||||||||||||||||||||||||||
[ Refer Answer ] |