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10th Chapter 16 Questions Paper
10th Chapter 16 Questions Paper
std:10th. Chap: 16
sub:A/c•s Nlarks:
1 Vijay Singh maintains a full set of accounting records and prepares control accounts at the
end of each month.
2015 $
April 1 Debit balance on sales ledger control account 475
30 Totals for the month
Sales joumal 590
Sales returns joumal 46
Cash sales 614
Cheques received from credit customers 387
Cheque received from credit customer
(included in the above figure) later dishonoured 26
Cheques paid to credit suppliers 469
Discounts allowed 13
Discounts received 34
Bad debts written off 32
Interest charged to credit customer 8
Contra entry to purchases ledger 150
REQUIRED
(a) Select the relevant figures and prepare Vijay Singh's sales ledger control account for
the month ended 30 April 2015.
Vijay Singh
Sales ledger control account
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.......................................................................................................................................................... ,
(d) State one reason why Vijay Singh prepares a monthly sales ledger control account.
, •••••••••••••••••••••••••••••••••••••••••••••• 11111 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(e) State two reasons why Vijay Singh does not use the information contained in the sales
ledger to prepare the sales ledger control account.
1 .................................................................................................................................................
..........................................................................................................................................................
2 ................................................................................................................................................
□
A credit side of the purchases ledger control account
□
B debit side of the purchases ledger control account
□
C credit side of the sales ledger control account
REQUIRED
(c) Select the relevant figures and prepare the purchases ledger control account for the month of
September. Balance the account and bring down the balances on 1 October 2016. See next page.
Amira
Purchases ledger control account
(d) Suggest one advantage of paying credit suppliers before the due date .
..... ......... ....................... .... ... ...... .. .. ........... ... .... . . ........................................................................
'
.........................................................................' ....................................................................
(e) Suggest one disadvantage of paying credit suppliers before the due date.
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