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Old MathJax webview prepare purchase and sales ledger account Balances on 1 November 1997: Sales ledger Purchases ledger 10,923,000 (debit) 229,000 (credit) 4,450,000 (credit) 58,000
Old MathJax webview
prepare purchase and sales ledger account
Balances on 1 November 1997: Sales ledger Purchases ledger 10,923,000 (debit) 229,000 (credit) 4,450,000 (credit) 58,000 (debit) Transactions during November 1997: Purchases on credit Allowances from suppliers Receipts from customers by cheques Sale on creclit Discount received Payments to creditors by cheques Contra settlements Bills of exchange receivable Allowances to customers Customers cheques dishonored Cash received from credit customers Refunds to customers for overpayments Discounts allowed Balances on 30 November 1997 Sales ledger Purchases lediger 13,125,000 720,000 22,375,000 34,775,000 2,105,000 16,413,000 3,047,000 7,506,000 1,720,000 499,000 4,501,000 73.000 752,000 146,000 credut) 77,000 (debit)Step by Step Solution
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