Q1: You are required to prepare the Creditors Control account for the month of March and

calculate the closing balance from the following data.

March 1 Opening balance Dr. 50,390
Totals for the month
Sales from Sales Register 60,500
Sales Return (Sales Return Register) 1,550
Cheques and cash received 75,500
Discounts Allowed 2,000
Bad debts written off 1,800
No provision for bad debts was made previously.
Solution:

Creditors Control Account

Debit Side Credit Side

Date N Narration Dr. RS Date N Narration Cr. RS.

o o

Mar Opening Balance 50,390 Mar Returns 1,550

Mar Total Sales 60,500 Mar Receipts 75,500

Mar Mar Discounts 2,000

Mar Bad Debts 1,800

Mar 31 Balance C/F 30,040

Total 110,890 Total 110,890

Q2: Prepare the Creditors Control account for the month of June and calculate the closing
balance from the following data.
June 1 Opening balance Cr. 35,500
Totals for the month
Purchases from Purchase Register 50,000
Purchase Return (Purch. Return Register) 1,550
 Payments made 45,500
Discounts received 1,500
Solution:

Creditors Control Account

Debit Side Credit Side

Date N Narration Dr. RS. Date No Narration Cr. RS.

o

Jun Purchase Return 1,550 Jun Opening Balance 35,500

Jun Payments 45,500 Jun Purchases 50,000

Jun Discount received 1,500 Jun

Jun 30 Balance C/F 36,950

Total 85,500 Total 85,500

Q3: Following information is given from the books of Mr.A(Debtor) for the month of June,
2002. You are required to prepare debtors control account and work out the closing balance
of debtor control account of Mr. A
Opening Balance Dr 85,500
Transaction during the month:
Sales for month 90,000
Sales return for the month 2,500
Payments received 140,000
Discount allowed 5,000
Bad debts written off 4,000

Debtors Control Account

Debit Side Credit Side

Date No Narration Dr. RS Date No Narration Cr. RS

Jun 01 Opening Balance 85,500 Jun Returns 2,500

Jun Sales 90,000 Jun Receipts 140,000

Jun Discount allowed 5,000

Bad debts 4,000

Jun 31 Balance C/F 24,000

Total 175,500 Total 175,500

Q4: Following information is given from the books of Mr B( Creditors) for the month of June,
2002. You are required to prepare creditors control account and workout the closing balance
of creditors control account of Mr. B
Opening Balance Cr 65,000
Transaction during the month:
Purchases for the month 70,000
Purchases return for the month 5,000
Payments mode 90,000
Discount received 3,000
Solution:

Creditors Control Account

Debit Side Credit Side

Date No Narration Dr. RS Date No Narration Cr. RS

Jun Returns 5,000 Jun Opening Balance 65,000

01

Jun Receipts 90,000 Jun Purchases 70,000

Jun Discount received 3,000

Jun 31 Balance C/F 37,000

Total 135,000 Total 135,000

 Q5: The financial year of ABC Co. ended on June 30, 2002. You have been asked to prepare
the Debtors and Creditors Control Account from the information extracted form subsidiary
books. NOTE
Sales Cash 140,500 1
Credit 255,000
Purchases Cash 95,000 1
Credit 199,500
Total Receipts 405,000 2
Total Payments 275,000 2
Discounts allowed (all credit cust.) 12,000
Discounts received (all credit supp.) 9,500
Bad debts written off 800
Increase in prov. Doubtful debts 2,000 3
Last year closing balances were
Debtors 285,000
Creditors 194,000
Solution:

Debtors Control Account

Debit Side Credit Side

Date No Narration Dr. RS Date No Narration Cr. RS

Jul 01 Opening Balance 285,000 Receipts (405,000-140,500) 264,500

Total sales 255,000 Discounts 12,000

Bad Debts 800

Jun 30, Balance C/F 262,700

02
Total 540,000 Total 540,000
 Creditors Control Account

Debit Side Credit Side

Date No Narration Dr. RS Date No Narration Cr. RS

Payments (275,000- 180,000 Jul Opening Balance 194,000

95,000) 1,01

Discounts 9,500 Purchases 199,500

Jun Balance C/F 204,000

30,02

Total 393,500 Total 393,500