a (i) Explain the principles of a good accounting information system in the modern organization (6marks)

(ii) What are the functions of control accounts in the organization?

(5marks)

b) The Belta company presents you with the following balances for December 2021:

Shs.

1 December 2021 Sales Ledger Dr 20,210,000

Cr 280,000

Purchases Ledger Dr 33,000

Cr 11,590,000

31 December 2021

Transactions

Credit sales 53,400,000

Cash sales 21,360,000

Credit purchases 28,270,000

Payments to creditors 23,860,000

Bad debts written off 190,000

Provision for bad debts 970,000

Purchase returns 450,000

Sales returns 580,000

Discounts received 590,000

Balances in Receivables ledger set off

against balances in Payables Ledger 40,000

Customers cheque dishonoured 50,000

31 December 2021 sales ledger Dr ?

Cr

Purchase ledger Dr 42,000

Cr ?

NOTE: Not all this data is needed.

Required:

Draw up the Payables and Receivables control accounts for December 2021 showing all the closing balances.