Accounts - Principles of Accounts Past Questions and Answers

The balance on a purchase ledger control account represents the?

A powerful instrument of control over both the sales ledger and the clek whose duty is to post the ledger is the?

Mini Enterprises Sales Ledger as at 31/12/94<br/>read:<br/>N <br/>Balance b/f 12750<br/>Total credit sales 28185 <br/>Payments by debtors 12112<br/>Discount allowed 638<br/>Sales returns 1500<br/>Prepare the sales ledger control account and determine the balance due from debtors.

Determine the year''s purchase from the following information relating to a firm.<br/>Total creditor''s b/f N 7,200<br/>Total cash payment to suppliers N 98,800<br/>Total creditors c/f N 8,400

Derive the total sales figure from the following information extracted from a firm's cash book and other relevant records.<br/>Total debtors b/f N 5,600<br/>Total cash receipts from debtors <br/>and cash sales N 153,000 <br/>Total debtors c/f N 6,800