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control accounts. 9: IAS 2 IAS 8 IAS 10 IAS 12 The following transactions took place decemer 23 credit sales 285,000 cash sales 64,000 credit purchases 123,000 26,000 returns outwards discounts received 13,500 24,800 discounts allowed 481000 contras х customer cheques dishonoured they have recorded the following receivables account + trade payables 2700 ll g מו its trade control account Trade receivabu control account Trade payable control account 31 december 23 20 november 23 127600 123,500 541200 84,250. -Prepare in ↑ Format trade receivable account + calculate cash received from customers and prepare In T Format trade payables account + cash paid to suppliers.

control accounts. 9: IAS 2 IAS 8 IAS 10 IAS 12 The following transactions took place decemer 23 credit sales 285,000 cash sales 64,000 credit purchases 123,000 26,000 returns outwards discounts received 13,500 24,800 discounts allowed 481000 contras х customer cheques dishonoured they have recorded the following receivables account + trade payables 2700 ll g מו its trade control account Trade receivabu control account Trade payable control account 31 december 23 20 november 23 127600 123,500 541200 84,250. -Prepare in ↑ Format trade receivable account + calculate cash received from customers and prepare In T Format trade payables account + cash paid to suppliers.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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control accounts. 9: IAS 2 IAS 8 IAS 10 IAS 12 The following transactions took place decemer 23 credit sales 285,000 cash sales 64,000 credit purchases 123,000 26,000 returns outwards discounts received 13,500 24,800 discounts allowed 481000 contras х customer cheques dishonoured they have recorded the following receivables account + trade payables 2700 ll g מו its trade control account Trade receivabu control account Trade payable control account 31 december 23 20 november 23 127600 123,500 541200 84,250. -Prepare in ↑ Format trade receivable account + calculate cash received from customers and prepare In T Format trade payables account + cash paid to suppliers.
Transcribed Image Text:control accounts. 9: IAS 2 IAS 8 IAS 10 IAS 12 The following transactions took place decemer 23 credit sales 285,000 cash sales 64,000 credit purchases 123,000 26,000 returns outwards discounts received 13,500 24,800 discounts allowed 481000 contras х customer cheques dishonoured they have recorded the following receivables account + trade payables 2700 ll g מו its trade control account Trade receivabu control account Trade payable control account 31 december 23 20 november 23 127600 123,500 541200 84,250. -Prepare in ↑ Format trade receivable account + calculate cash received from customers and prepare In T Format trade payables account + cash paid to suppliers.
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