|
(a) Purchases Ledger Control Account
|
2004
|
|
$
|
2004
|
|
$
|
|
Oct 1
|
Balance b/d
|
324
|
Oct 1
|
Balance b/d
|
24,695
|
|
|
|
|
|
|
|
|
2005
|
|
|
2005
|
|
|
|
Sept 30
|
Bank
|
64,320
|
Sept 30
|
Credit purchases
|
70,394
|
|
|
Discount received
|
1,717
|
|
Balance c/d
|
563
|
|
|
Returns outwards
|
1,222
|
|
|
|
|
|
Contra
|
2,850
|
|
|
|
|
|
Balance c/d
|
25,219
|
|
|
|
|
|
|
|
|
|
|
|
|
|
95,652
|
|
|
95,652
|
|
Oct 1
|
Balance b/d
|
563
|
Oct 1
|
Balance b/d
|
25,219
|
Sales Ledger Control Account
|
2004
|
|
$
|
2004
|
|
$
|
|
Oct 1
|
Balance b/d
|
43,628
|
Oct 1
|
Balance b/d
|
1,240
|
|
|
|
|
|
|
|
|
2005
|
|
|
2005
|
|
|
|
Sept 30
|
Interest charged to debtors
|
326
|
Sept 30
|
Returns inwards
|
1,938
|
|
|
|
|
|
Allowance of damaged goods
|
500
|
|
|
Carriage charges
|
3,290
|
|
Discount allowed
|
3,699
|
|
|
Credit sales
|
132,845
|
|
Contra
|
2,850
|
|
|
Dishonoured cheques
|
2,639
|
|
Bank
|
144,820
|
|
|
Balance c/d
|
2,154
|
|
Bad debts
|
853
|
|
|
|
|
|
Balance c/d
|
28,982
|
|
|
|
184,882
|
|
|
184,882
|
|
Oct 1
|
Balance b/d
|
28,982
|
Oct 1
|
Balance b/d
|
2,154
|
(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
|