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Question 5 The following are information from Clifton Trading Company that has a financial year end of November 19x5. From the information bellow you are
Question 5 The following are information from Clifton Trading Company that has a financial year end of November 19x5. From the information bellow you are required to draw up a debtors and creditors control account. (24 marks) 31 N$ Sales - Cash Sales Credit Purchases Credit Purchases Cash Total Receipts from Customers Total Payments from to suppliers Discount allowed to all credit customers Bad Debts Written Off Credit notes issued to credit eustomers Discount received from credit suppliers Balance in the Debtors Ledger sett- off against balance in the creditors Ledger Refunds Issued to Cash Customers Increase in provision for bad debts Credit notes received from Credit suppliers 344 890 268 187 496 600 14 440 600 570 503 970 5520 780 4 140 3 510 70 5 070 90 1 480 GOOD LUCK
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