name:
Study the following question
and then use the template
at the end to complete
a debtors control account.
| Nov 1 | Debtors ledger debit balances | 9,000 |
| Debtors ledger credit balances | 400 | |
| Transactions for November | ||
| Cash received from debtors | 600 | |
| Cheques received from debtors | 12,000 | |
| Bills receivable accepted | 2,200 | |
| Credit sales | 22,000 | |
| Bad debts written off | 750 | |
| Discount allowed | 630 | |
| Dishonoured cheque | 210 | |
| Interest charged on overdue accounts | 65 | |
| Returns in | 900 | |
| Cash refund to debtor | 190 | |
| Carriage charged to debtor | 45 | |
| Amount offset to Creditors Ledger | 1,200 | |
| At the end of the month | ||
| Debtors ledger credit balances c/d | 230 |
solution
| Nov 1 | Debtors ledger debit balances | 9,000 |
| Debtors ledger credit balances | 400 | |
| Transactions for November | ||
| Cash received from debtors | 600 | |
| Cheques received from debtors | 12,000 | |
| Bills receivable accepted | 2,200 | |
| Credit sales | 22,000 | |
| Bad debts written off | 750 | |
| Discount allowed | 630 | |
| Dishonoured cheque | 210 | |
| Interest charged on overdue accounts | 65 | |
| Returns in | 900 | |
| Cash refund to debtor | 190 | |
| Carriage charged to debtor | 45 | |
| Amount offset to Creditors Ledger | 1,200 | |
| At the end of the month | ||
| Debtors ledger credit balances c/d | 230 |
