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IGCSE Accounting Control Accounts Worksheet

The document provides a worksheet for IGCSE Accounting focusing on control accounts for Nuh Limited and Rizan, detailing transactions for January 2021 and December 2020 respectively. It includes instructions to prepare purchases and sales ledger control accounts, along with questions regarding contra entries and books of prime entry. The worksheet aims to enhance understanding of control accounts and their components in accounting.

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Upeksha Pinto
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29 views2 pages

IGCSE Accounting Control Accounts Worksheet

The document provides a worksheet for IGCSE Accounting focusing on control accounts for Nuh Limited and Rizan, detailing transactions for January 2021 and December 2020 respectively. It includes instructions to prepare purchases and sales ledger control accounts, along with questions regarding contra entries and books of prime entry. The worksheet aims to enhance understanding of control accounts and their components in accounting.

Uploaded by

Upeksha Pinto
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

1

IGCSE Accounting – 0452 – Control Accounts - Worksheet-1

1. Nuh Limited maintains a full set of accounting records and prepares monthly
control accounts. The following information was provided for January 2021.

$
Purchases ledger control account balance at 1 January ?
Totals for January:
Purchases journal 15400
Purchases returns journal 1340
Cash purchases 7860
Commission receivable 1970
Cash discount received 990
Cash discount allowed 870
Cheques paid to trade payables 10245
Sales ledger contras – Set off 480
Interest charged by trade payables 110
Cheque refunds from trade payables 660
Purchases ledger control account balance at 31 January 12975

REQUIRED
(a) Prepare the purchases ledger control account for Nuh Limited for January
2021.
Balance the account on 31 January 2021 and bring down the balance on 1
February, 2021.

(b) Complete the table to name the book of prime (original) entry which uses
to obtain information when preparing his control accounts. The first one (a.)
has been completed as an example.

[Link] Control Account item Book of prime (original) entry


a. Purchases Purchases Journal
b. Cheques paid to trade payables

c. Sales ledger contras – Set off

d. Interest charged by trade payables.

e. Cash discount received

Pg. 1 [Link]
2

IGCSE Accounting – 0452 – Control Accounts - Worksheet-1

2. Rizan provided the following information for December 2020.


$
On 1 December:
Debit balance on sales ledger control account 9980
Credit balance on sales ledger control account 570

Totals for the month of December:


Credit sales 8840
Cash sales 7790
Receipts from credit customers 6220
Discount allowed to credit customers 240
Discount received from credit suppliers 369
Returns by credit customers 195
Irrecoverable debts 357
Increase in provision for doubtful debts 185
Contra entry 400
Interest on a credit customer’s overdue account 39

On 1 January
Debit balance on sales ledger control account ?
Credit balance on sales ledger control account 60

(a). Select the relevant figures and prepare the sales ledger control account
for the month of December 2020.
Balance the account and bring down the balances on 1 January 2021.

(b.) State the meaning of a contra entry in connection with control accounts.
State why Rizan made a contra entry.

(c.) State two reasons why it is possible for Rizan to have a credit balance on
his sales ledger control account.

(d.) Name the book of prime (original) entry which Rizan would use to obtain
the following information when preparing his sales ledger control account.
[Link] Control account item Book of original entry
a. Irrecoverable debts
b. Credit sales
c. Discount allowed to credit customers

Pg. 2 [Link]

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