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FOUNDATIONS IN ACCOUNTANCY Paper FA1
A 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 ...
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kaplan.co.ukfacilitate effective and efficient accounting and control. Each account in the system is referred to as a 'ledger.' ... Debit (Dr) Credit (Cr) Date Details $ Date Details $ ... A ledger account is a record of the transactions involving a particular item. A ledger account may be thought of as a record kept as a page in a book. ...
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icmai.inElectronic Credit Ledger Account, this will give full control and information on which invoices input tax credit is not availed. Moreover, it helps the management in follow up ... new ledger account can be created or the option of using ITC Recovery –CGST A/c ... Debtors A/c Dr –B2B (within the state) Cr Output Tax Liability – CGST A/c Cr ...
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