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    Debtors and Creditors Ledger Control Account - Brygola Limited

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    Elena Mici
    The document shows the debtors and creditors ledger control accounts for a business. The debtors ledger tracks credit sales, cash and cheque receipts from debtors, bad debts, and discounts. It had a balance of £17,850 at the start and end of January 2019. The creditors ledger tracks credit purchases, cash and cheque payments to creditors, discounts received, and return outwards. It had a balance of £5,800 at the start and end of January 2019.

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    Debtors and Creditors Ledger Control Account - Brygola Limited

    Uploaded by

    Elena Mici
    21 views4 pages
    The document shows the debtors and creditors ledger control accounts for a business. The debtors ledger tracks credit sales, cash and cheque receipts from debtors, bad debts, and discounts. It had a balance of £17,850 at the start and end of January 2019. The creditors ledger tracks credit purchases, cash and cheque payments to creditors, discounts received, and return outwards. It had a balance of £5,800 at the start and end of January 2019.

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    debtors and creditors ledger control account - Brygola Limited.xlsx

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    The document shows the debtors and creditors ledger control accounts for a business. The debtors ledger tracks credit sales, cash and cheque receipts from debtors, bad debts, and discounts. It had a balance of £17,850 at the start and end of January 2019. The creditors ledger tracks credit purchases, cash and cheque payments to creditors, discounts received, and return outwards. It had a balance of £5,800 at the start and end of January 2019.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    21 views4 pages

    Debtors and Creditors Ledger Control Account - Brygola Limited

    Uploaded by

    Elena Mici
    The document shows the debtors and creditors ledger control accounts for a business. The debtors ledger tracks credit sales, cash and cheque receipts from debtors, bad debts, and discounts. It had a balance of £17,850 at the start and end of January 2019. The creditors ledger tracks credit purchases, cash and cheque payments to creditors, discounts received, and return outwards. It had a balance of £5,800 at the start and end of January 2019.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    of 4

    Debtors ledger control account

    Debit Credit
    2019 £ 2019
    (01/01/2019) balance b/f 15,000 Bad Debts
    Credit sales 2,500 Cash Received from Debtors
    Understated Credit sales 150 Cheque receipt from debtors
    Overstated cash Receipts from debtors 200 Debtors Set off
    Discount allowed
    Return Inwards
    (31/01/2019) Balance c/f
    17,850
    ontrol account
    Credit
    2019 £
    Bad Debts 220
    Cash Received from Debtors 11,500
    Cheque receipt from debtors 500
    Debtors Set off 120
    Discount allowed 115
    Return Inwards 130
    (31/01/2019) Balance c/f 5,265
    17,850
    Creditors ledger control account
    Debit Credit
    2019 £ 2019
    Discount received 250 (01/01/2019) balance b/f
    Cash payments to creditors 1,800 Credit Purchase
    Cheque payments to creditors 1,120 Overstated cheque payments to creditors
    Return outwards 160
    (31/01/2019) Balance c/f 2,470
    5,800
    £
    4,500
    1,200
    100

    5,800

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