ASSIGNMENT 1:
The following balances were extracted from the books
of Alatishe Enterprises on 31st December, 2018.
N
Sales ledger, debit balance 1/1/2016 98,260
Sales ledger, credit balance 1/1/2016 2,370
Bought ledger, credit balance 1/1/2016 72,190
Bought ledger, debit balance 1/1/2016 4,210
Credit purchase 513,620
Credit sales 781,540
Accounts settled by contra 6,220
Bills dishonoured 7,500
Bills debts written off 5,260
Bills of exchange drawn on customers 34,730
Returns Inward 7,450
Returns Outwards 8,920
Cash received from debtors
689,230
Cash paid to suppliers 495,140
Discount Received 19,320
Discount Allowed
24,750
Cash refunded to customers 1,270
Sales ledger, credit balance 31/12/2016 2,010
Bought ledger, debit balance 31/12/2016 3,340
You are required to prepare:
(a)
Sales
Ledger Control Account
(b)
Purchases
Ledger Control Account
ASSIGNMENT 2:
The following balances were extracted from the books
of Aiyegbaogbon Enterprises on 31st December, 2018.
N
Sales ledger, debit balance 1/1/2018 98,260
Sales ledger, credit balance 1/1/2018 2,370
Bought ledger, credit balance 1/1/2018
72,190
Bought ledger, debit balance 1/1/2018 4,210
Cash purchases 27,380
Cash sales 19,360
Accounts settled by contra
6,220
Bills dishonoured 7,500
Bills debts written off 5,260
Bills of exchange drawn on customers
34,730
Returns Inward 7,450
Returns Outwards 8,920
Cash received from debtors
689,230
Cash paid to suppliers 495,140
Discount Received 19,320
Discount Allowed
24,750
Cash refunded to customers
1,270
Sales ledger, debit balance 31/12/2018
120,570
Sales ledger, credit balance 31/12/2018 2,010
Bought ledger, debit balance 31/12/2018
3,340
Bought ledger, credit balance 31/12/2018
55,340
Show all necessary workings.
You are required to prepare:
(a)
Credit
Sales
(b)
Credit
Purchases
(c)
Total
Sales
(d)
Total
Purchases
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