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From the following particulars as extracted from the books of Doch & Co., who keep a Debtors 'Ledger Creditors' Ledger and a General Ledger on
From the following particulars as extracted from the books of Doch & Co., who keep a Debtors 'Ledger Creditors' Ledger and a General Ledger on the Self-balancing system, show how the various adjustment accounts will appear in each of the ledgers. Drs. Balance (1.1.98) 45,750 Crs. Balance(1.1.98) 54,900 Transactions for the month of January Credit Purchases 20,500 Credit Sales 22,700 Returns inwards 400 Return outwards 600 Cash received from customers 25,500 Bad debts written off 2,500 Sundry charges debited to customers 345 Discount received from Creditors 670 Discount allowed to customers 450 Cash paid to Creditors 30,700 Acceptances received from Debtors 8,500 Creditors bills accepted 12,000 B/R returned dishonoured 1,200 B/P dishonoured Allowances from creditors 3,000 275
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