The following information relates to a business for the year ended 31 December 2019: 24 Trade receivables at 1 January 2019 Trade payables at 1 January 2019 Discounts received 289,376 301,972 21,069 69,589 795,373 9,550 12,956 Cash sales Cash from credit customers Irrecoverable debts to be written off Discounts allowed Returns inwards 7,000 Amounts paid to suppliers 475,353 Returns outwards 3,525 626,575 Credit sales Receivables to be allowed for (additional to those to be written off) 9,527 What is the balance on the trade receivables ledger control account at 31 December 2019?
The following information relates to a business for the year ended 31 December 2019: 24 Trade receivables at 1 January 2019 Trade payables at 1 January 2019 Discounts received 289,376 301,972 21,069 69,589 795,373 9,550 12,956 Cash sales Cash from credit customers Irrecoverable debts to be written off Discounts allowed Returns inwards 7,000 Amounts paid to suppliers 475,353 Returns outwards 3,525 626,575 Credit sales Receivables to be allowed for (additional to those to be written off) 9,527 What is the balance on the trade receivables ledger control account at 31 December 2019?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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