5. The following balances were extracted from the books of Atuobi Trading Company on 30 November 2011 Cash Credit Cash - Credit GHC 344,890 268,187 14,440 496,600 Sales Purchases Total receipts from customers Total payments to suppliers Discount allowed Discount received Refunds given to cash customers Balance in the sales ledger set off-ogainst balance in the purchases ledger Bad debt written off Increase in the provisioh for bad debt Credit notes issued to credit customers Credit note received from suppliers 600,570 503,970 5,520 3,510 5,070 70 780 06 4,140 1,480 According to the audited financial statement for the previous year, debtors and creditors as at 1 December 2010 were GH¢26,555 and GH¢43,450 respectively. You are required to prepare: a) Total Debtors Ledger Control Account b) Total Creditor Ledger Control Accounts. ....

5. The following balances were extracted from the books of Atuobi Trading Company on 30 November 2011 Cash Credit Cash - Credit GHC 344,890 268,187 14,440 496,600 Sales Purchases Total receipts from customers Total payments to suppliers Discount allowed Discount received Refunds given to cash customers Balance in the sales ledger set off-ogainst balance in the purchases ledger Bad debt written off Increase in the provisioh for bad debt Credit notes issued to credit customers Credit note received from suppliers 600,570 503,970 5,520 3,510 5,070 70 780 06 4,140 1,480 According to the audited financial statement for the previous year, debtors and creditors as at 1 December 2010 were GH¢26,555 and GH¢43,450 respectively. You are required to prepare: a) Total Debtors Ledger Control Account b) Total Creditor Ledger Control Accounts. ....

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter9: Metric-analysis Of Financial Statements

Section: Chapter Questions

Problem 9.23E: Unusual income statement items Assume that the amount of each of the following items is material to...

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