A2 1 Accounting — Chap 2 — Incomplete Recs
Published in
1 min readMay 26, 2016
Worked Example from page 23 - 24 Textbook1) Calculate the amount of credit sales during the year using a control account.
Dr Sales Control Account Cr
-------------------------------------------------------
Details £ Details £
-------------------------------------------------------
Balance b/d 21 650 Receipts from t/r 177 410
Credit Sales 180 470 Bad debts w/o 870
Balance c/d 23 840
202 120 202 120
Balance b/d 23 8402) Calculate total sales for the year using a control account.
Dr Sales Account Cr
-------------------------------------------------------
Details £ Details £
-------------------------------------------------------
Income Statement 21 650 Credit Sales 180 470
Cash Sales 45 280
Cash Float Increase 250
226 000 226 0003) Calculate the amount of purchases during the year using a control account.
Dr Purchases Control Account Cr
-------------------------------------------------------
Details £ Details £
-------------------------------------------------------
Payments to t/p 149 620 Balance b/d 15 950
Balance c/d 18 210 Purchases 151 880
167 830 167 830
Balance b/d 18 210
