Write up a sales ledger control account from the following information.

1 May 1 May 31 May 31 May 1-31 May 1-31 May 1-31 May 1-31 May Debit balances in sales ledger Credit balances in sales ledger Debit balances in sales ledger Credit balances in sales ledger Cheques received from customers Discount allowed to customers Returns inward Sales on credit

£

24,860 190 28,140 240 86,420 1,730 960 92,340 In this chapter we have assumed that the sales ledger and purchases ledger control accounts are being kept outside the double-entry system.

It is possible for them to become an integral part of that system. However, if this is done the personal accounts must be regarded as outside the system otherwise some entries would be appearing twice.