PEARLS



P
E
Purchases
Expenses (bills) DEBIT
Sales Ledger Control Account
Sales Ledger Returns } customers
 A Assets Discount Allowed



R
L
S
Revenue
Liabilities
Sales
CREDIT
Purchase Ledger Control Account
Purchase Returns
Discount Received
} suppliers

DR – Debit CR – Credit
Sales Day Book
Total VAT NET
DR CR CR
Sales Ledger Control Account VAT Account Sales Account
(SLCA)

Sales Return Day Book

Total VAT NET
CR DR DR
Sales Ledger Control Account VAT Account Sales Return Account
(SLCA)

Purchases Day Book

Total VAT NET
CR DR DR
Purchase Ledger Control VAT Account Purchases Account
Account (PLCA)

Purchases Returns Day Book

Total VAT NET
DR CR CR
Purchase Ledger Control Vat Account Purchases Return Account
Account (PLCA)

Cash Book Receipts (DR)

Total Discount Allowed VAT Cash Sales SLCA

DR DR CR CR CR CR
Bank Control Discount SLCA VAT Account Sales Account SLCA
Allowed

Cash Book Payments (CR)

Total Discounts VAT Cash Purchases PLCA
Received
CR CR DR DR DR DR
Bank Control Discount PLCA VAT Account Purchases PLCA
Received Account