the following information you are required to prepare the relevant

ledger accounts for Miss Lizza.

She introduced Ksh150,000 into her business and on the same

id

Bought goods worth Ksh 15000

She bought furniture worth Ksh 15000 and paid in cash

Sold goods worth Ksh5000 and received cash

Bought more stock worth Ksh13000 and paid in cash

h

Sold goods and received a cheque of Ksh 7300

Sold on credit to Mike worth Ksh 21000

Bought goods from XYZ, on credit worth Kshs 16900

Sold goods and received cash Ksh17000

Bought a motor car for transporting goods from ABC motors and

nd the balance

to be settled later.

Sold goods worth Kshs 12900 on credit

Bought goods and paid using cheque for Kshs45000

Paid his rent which had accrued for 2 month and also 3 months in

eque

Explain the purposes for which control accounts are prepared in a business organization.

XML Ltd maintains control accounts in its business records. The balances are transactions relating to the comp:

month of December 1994 are listed below;

Balance at 1 December 1994:

sales ledger