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FORMAT CONTROL ACCOUNT Debtors /SALES Control Account RM RM debit Balance b/d credit balance b/d Total credit sales Total cash / cheque received Total cheques dishonoured Total discount allowed INTEREST Total returns inwards Total bad debts CONTRA -PURCHASE CREDIT BALANCE B/D DEBIT Balance c/d Creditors/PURCHASE Control Account RM RM debit Balance b/d CREDIT BALANCE B/D Total payment cash paid Total credit purchases Total discount received Total returns outwards CONTRA-SALES Credit Balance c/d DEBIT BALANCE C/D 1. You are require to prepare a sales ledger control account from the following for the month of April: 20X3 April 1 Sales ledger balances Totals for April: Sales daybook Returns inwards daybook Cheques and cash received Discounts allowed April 30 Sales ledger balances RM 5,554 18,776 790 19,443 1,105 2,992 2. You are required to prepare a purchases ledger control account from the following for the month of July 20X8 July 1 Purchases ledger balances Totals for July: Purchases daybook Returns outwards daybook Cheques and cash paid to suppliers Discounts received July 31 Purchases ledger balances RM 15,733 34,677 2,045 40,087 3,455 4,823 Q1) DECEMBER 2010 The following are the creditors balances for Firdaus Enterprise on 31 December 2009. Creditors balances RM Amran 10,000 Bujal 24,000 Chiko 10,000 Dolah 20,000 Enot 12,000 Below are the transactions for the month of January 2010: Credit Purchase Discount Received Cash Paid Return Outwards Amran Bujal Enot Bujal Amran Bujal Enot Bujal RM 20000 4000 2000 200 16000 20000 10000 10000 Chiko Dolah Panda Dolah Chiko Dolah RM 4000 4000 20000 400 20000 12000 Enot 1000 Required : a) Prepare creditors subsidiary ledgers b) Prepare creditors control accounts Q2) MAY 2010 Given below is information derived from Raimi Berhad as at 31 July 2010 Balance @ 1 August 2009 Sales Ledger-Debit balance Sales Ledger – Credit balance Purchase Ledger – Debit balance Purchase Ledger- Credit balance Credit purchase Credit sales Return outwards Return inwards Cash payment to creditors Cash receipts from debtors Discount allowed Discounts received Bad debts Cash refunded to a customer Dishonoured cheque from customer Contra of debtors and creditors account RM 15,920 2,170 2,630 21,470 52,190 68,310 2,130 2,830 42,110 73,320 1,280 1,540 590 610 1,430 520 Balance @ 31 July 2010 Purchase ledger – Debit balance Sales Ledger- Credit balance 410 380 Required : a) Prepare sales ledgers control account as at 31 July 2010 b) Prepare purchase ledger control account as at 31 July 2010 3. From the following data, prepare control accounts for both the purchases ledger and the sales ledger. 20X9 March 1 Purchases ledger balances March 1 Sales ledger balances Totals for March: Sales daybook Purchases daybook Cheques and cash paid to suppliers Discounts received Discounts allowed Sales ledger balances set-off against purchases ledger balances Returns outwards daybook Bad debts Returns inwards daybook Cash and cheques received from customers March 31 Purchases ledger balances March 31 Sales ledger balances £ 4,388 5,677 46,998 35,444 31,010 492 890 500 575 350 4,333 4,1200 ? ? 4. You are required to prepare a sales ledger control account from the following information for the month of October. 20X3 Oct 1 Balance of amounts receivable Oct 31 Totals for October: Sales daybook Receipts from debtors Returns inwards Bad debts Discounts allowed Set-offs Balance of amounts receivable at end month £ 3,421 43,435 41,111 462 123 312 611 4,237 5. You are required to prepare a purchases ledger control account from the following information for the month of May 20X1 May 1 Balance of accounts payable May 31 Totals for May Purchases daybook Payments to creditors Returns outwards Discounts received Set-offs Balance of accounts payable at end of month £ 2,279 34,419 31,989 413 878 611 2,807
