The Following Information Has Been Extracted From The Books of

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The following information has been extracted from the

books of #8216
The following information has been extracted from the books of a trader at 1 July
20X2:................................................................... £Amount owing by credit customers
.................. 40,000Amount owing by credit suppliers .................. 31,200The transactions during
the year ended 30 June 20X3 were as follows:Returns inwards .....................................
15,750Returns outwards .................................... 8,660Discount received ....................................
3,187Discount allowed ..................................... 5,443Sales revenue ......................................
386,829Purchases ........................................... 222,954Bad debts written off ...............................
3,400Cheques received from credit customers ...... 230,040Cheques paid to credit suppliers
................ 108,999RequiredWrite up the sales ledger control account and the purchases ledger
control account for the year ended 30 June 20X3?View Solution:
The following information has been extracted from the books of

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