Search results with tag "Sales ledger control account"
C02 Financial Accounting Fundamentals – Control Accounts
www.cimaglobal.comDr Sales ledger control account $400 . Cr Purchase ledger control account $400 . This means that total receivables has been over stated by 2 × $400 ($800), and should therefore be $7,700 rather than $8,500. 2. In a sales ledger control account, which of the following lists consists ONLY of items that
FOUNDATIONS IN ACCOUNTANCY Paper FA1
www.accaglobal.comA Dr Purchase ledger control account Cr Plant and Equipment B Dr Cash Cr Plant and Equipment C Dr Plant and Equipment Cr Purchase ledger control account D Dr Plant and Equipment Cr Cash 11 Marvin has a balance of $3,350 on his sales ledger control account but his list of customer balances totals $3,500. Which of the following would explain the ...
Bookkeeping Controls (BKCL) QA Book
www.aat.org.ukThe sales ledger control account has a debit balance of £190,390, credit sales for the month are £59,000 and money received from customers is £98,700. The balance on the sales ledger control account is £_____. A dishonoured cheque has …
C02-Fundamentals of financial accounting
www.cimaglobal.comHelps to control petty cash. D. Is part of computerised accounting? Question 14 . The entries in a sales ledger control account are: Sales $250,000 Bank $225,000 Sales returns $2,500 Bad debts (irrecoverable debts?) $3,000 Returned unpaid cheque $3,500