Chapter 1 - Target Practice 1

Sales Ledger Control Account

DATE PARTICULARS AMOUNT DATE PARTICULARS AMOUNT
2017
1-Jan Balance b/f (majority) 46,462 1-Jan Balance b/f (minority) 245
31-Jan Credit Sales 126,024 31-Jan Bank / Cash 746
Bank (Refunds to credit customer) 52 Discount allowed 120,464
Balance c/f 193 Bad Debts 1,253
Contra 455
Balance c/f 49,568
172,731 172,731

Purchases Ledger Control Account

DATE PARTICULARS AMOUNT DATE PARTICULARS AMOUNT
2017 2017
1-Jan Balance b/f (minority) 1,472 1-Jan Balance b/f 25,465
31-Jan Return outwards 2,154 31-Jan Credit Purchases 76,474
Bank / Cash 70,476 Balance c/f 1,472
Discount received 1,942
Contra 455
Balance c/f 26,912
103,411 103,411