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The document provides financial information for Cherry for the month ended November 30, 2023, including balances for trade receivables and payables, receipts and payments, discounts, and other transactions. It requests the preparation of trade receivables and trade payables ledger control accounts, with specific details to be filled in. The total marks for the question are 15.

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han thi
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7 views3 pages

Control

The document provides financial information for Cherry for the month ended November 30, 2023, including balances for trade receivables and payables, receipts and payments, discounts, and other transactions. It requests the preparation of trade receivables and trade payables ledger control accounts, with specific details to be filled in. The total marks for the question are 15.

Uploaded by

han thi
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

SECTION B

Answer ALL questions in this section. Write your answers in the spaces provided.
14 Cherry provided the following information for the month ended 30 Nov 2023.
$

Trade receivables ledger debit balance at 1 Nov 2023 9800

Trade receivables ledger credit balance at 1 Nov 2023 420

Trade paybles ledger credit balance at 1 Nov 2023 7700

Receipts from credit customers 82100

Payments to credit suppliers 50600

Discount received 600

Discount allowed 900

Irrecoverable debt 300

Interest charged on a customer’s overdue account 90

Provision for doubtful debts 450

Returns inwards 2400

Contra/set-off 2920

Cash purchases 1860

Credit purchases 55400

Credit sales 88850

Trade payables ledger debit balance at 1 Dec 2023 100

Trade receivables ledger credit balance at 1Dec 2023 350

12
(a) Prepare the trade receivables ledger control account for the month ended
30 Nov 2023. Balance the account on this date and bring the balance down
on 1 Dec 2023.
(9)
Trade Receivables Ledger Control Account

Date Date
Details $ Details $
2023 2023

13
Turn over
(b) Prepare the trade payables ledger control account for the month ended
30 Nov 2023. Balance the account on this date and bring the balance down
on 1 Dec 2023.
(6)
Trade Payables Ledger Control Account

Date Date
Details $ Details $
2023 2023

(Total for Question 14 = 15 marks)

14

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