Question
You are working on the financial statements of a catering business for the year ended 31 May 2020. You have the following information: Day books
- You are working on the financial statements of a catering business for the year ended 31 May 2020. You have the following information:
Day books summaries:
| Sales day book | BD289,200 |
| Purchase day book | 112,800 |
| Balances as of: | 31 May 2019 | 31 May 2020 |
| Trade receivables | BD26,000 | ? |
| Trade payables | BD21,500 | BD16800 |
Additional information :
Collection of accounts receivables BD294,875
Payment of trade payables 115,150
Cash sales 18,000
HMRC for sales tax 27,525
Required: Prepare the accounts receivables (sales ledger) control account to determine the ending balance of accounts receivables. (5 marks)
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Sales ledger control account | |||
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Auditing A Guide To Principles And Practice
Authors: J H Crowhurst
1st Edition
0304309052, 978-0304309054
