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Section C Answer either Question 5 or Question 6 in this Section 6 The following balances were taken from the books of K. Packer as
Section C Answer either Question 5 or Question 6 in this Section 6 The following balances were taken from the books of K. Packer as at 30 April 1990. Purchase Ledger balancos Sales Ledger balances 27,910 46,020 Totals for the yoar ended 30 April 1990 Roturns Out Journal Sales Journal Returns In Journal Purchases Journal Party Cash paid to Suppliers Cheques received from Customers Cheques paid to Suppliers Cash received from Customers Bed debts written off Discounts Allowed Discounts Received Customers' cheques dishonoured Balance on Sales Ledger set off against balances on Purchase Ledger NOTE: All Packer's transactions are carried out on a credit basis. 3,070 501,610 10,440 300,450 230 458,770 281.990 33,330 2.090 7,080 6,640 1,790 2,330 YOU ARE REQUIRED (.) to prepare Purchase and Sales Ledger Control Accounts for the year ended 30 April 1990 showing clearly the balances on these accounts at 30 April 1980. (20) (b) to explain why control accounts are propered. Outline the uses to which such accounts are put. (5) (26 marks)
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