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WEEK 10
CLASS: SS1
TOPIC: CONTROL ACCOUNT
CONTENT: Purchases Ledger Control Account
Sub – topic 1 Treatment of cash /bank payment and discount received.
LOLA ENTERPRISES
Debtors Control Account
N Balance b/d 79480 Sales day book 775300 Debit note issued 5300
860080 Balance b/d 113740 | N Returns inward day book 141800 Cheques received from customers 566800 Discounts allowed 37740 Balance c/d 113740 860080 |
Creditors Control Account
N Returns outward day book 39600 Cheques paid to suppliers 618600 Discounts received 26780 Credit note received 2800 Balance c/d 294480 982260 | N Balance b/d 75320 Purchases day book 904540 Cash refunded from a supplier 2400
Balance c/d 294480 982260 Balance b/d 294480 |
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