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Journals and Debtors control. Journals InvoiceDateDetailsFolSalesVAT Output Debtors RRR 24577430SA Meshesha750.00105.00855.00 Sales Journal - Jan 20.2.

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Presentation on theme: "Journals and Debtors control. Journals InvoiceDateDetailsFolSalesVAT Output Debtors RRR 24577430SA Meshesha750.00105.00855.00 Sales Journal - Jan 20.2."— Presentation transcript:

1 Journals and Debtors control

2 Journals InvoiceDateDetailsFolSalesVAT Output Debtors RRR 24577430SA Meshesha750.00105.00855.00 Sales Journal - Jan 20.2

3 Journals InvoiceDateDetailsFolSalesVAT Output Debtors RRR 24577430SA Meshesha750.00105.00855.00 Sales Journal - Jan 20.2 Ledger accounts SA Meshesha DateInvoiceDetailsRDateDetailR 2245774Sales (Prescribed Book)855.00

4 Journals DateDetailsFolSalesVAT OutputDebtors RRR 2ADL1200.0020.00220.00 BDL2400.0040.00440.00 CDL3100.0010.00110.00 700.0070.00770.00 GL 5 Sales Journal - May 20.2 Exercise DateDetailsFolSalesVAT OutputDebtors RRR 8BDL240.004.0044.00 CDL320.002.0022.00 60.006.0066.00 GL 5 Sales Returns Journal - May 20.2

5 Journals DateDetailsFolBankDebtorsSettlement Discount granted VAT Input RRRR 15ADL1600.00670.0064.00*6.00 BDL2400.00 CDL3500.00522.0020.002.00 1 500.001 592.0084.008.00 GL 5 Cash Receipts Journal - May 20.2 Exercise * Approximation

6 Journals DateDetailsFolTotalDebtors controlCreditors control DebitCreditDebitCreditDrCr 15C Furniture VAT Output Sold furniture on credit to C DL3803.00 730.00 73.00 803.00 18Furniture VAT Input C Received furniture back from C DL3230.00 23.00 253.00 1056.00 803.00253.00 GL 3 General Journal - May 20.2 Exercise

7 Journals Exercise Required: 1 Prepare the debtors control account in the general ledger. 2Prepare the ledger accounts of the three debtors in the debtors ledger. * L ist of opening balances of debtors: A R450.00 B R680.00 C R220.00 R 1 350.00

8 Journals DateDetailsFolSalesVAT OutputDebtors RRR 2ADL1200.0020.00220.00 BDL2400.0040.00440.00 CDL3100.0010.00110.00 700.0070.00770.00 GL 5 Sales Journal - May 20.2 Exercise DateDetailsFolSalesVAT OutputDebtors RRR 8BDL240.004.0044.00 CDL320.002.0022.00 60.006.0066.00 GL 5 Sales Returns Journal - May 20.2

9 Journals Solution Ledger accounts Dr Debtors control GL 5 Cr DateDetailFolRDateDetailFolR May 1Balance *b/d1 350.00May 31Sales returnsSRJ166.00 31SalesSJ1770.00Bank and discountCRJ11 592.00 Sundry journal debitsJ1803.00 Sundry journal creditsJ1253.00 Balancec/d1 012.00 2 923.00 Jun 1Balance **b/d1012.00

10 Journals DateDetailsFolBankDebtorsSettlement Discount granted VAT Input RRRR 15ADL1600.00670.0064.00*6.00 BDL2400.00 CDL3500.00522.0020.002.00 1 500.001 592.0084.008.00 GL 5 Cash Receipts Journal - May 20.2 Exercise * Approximation

11 Journals Solution Ledger accounts Dr Debtors control GL 5 Cr DateDetailFolRDateDetailFolR May 1Balance *b/d1 350.00May 31Sales returnsSRJ166.00 31SalesSJ1770.00Bank and discountCRJ11 592.00 Sundry journal debitsJ1803.00 Sundry journal creditsJ1253.00 Balancec/d1 012.00 2 923.00 Jun 1Balance **b/d1012.00

12 Journals DateDetailsFolTotalDebtors controlCreditors control DebitCreditDebitCreditDrCr 15C Furniture VAT Output Sold furniture on credit to C DL3803.00 730.00 73.00 803.00 18Furniture VAT Input C Received furniture back from C DL3230.00 23.00 253.00 1056.00 803.00253.00 GL 3 General Journal - May 20.2 Exercise

13 Journals Solution Ledger accounts Dr Debtors control GL 5 Cr DateDetailFolRDateDetailFolR May 1Balance *b/d1 350.00May 31Sales returnsSRJ166.00 31SalesSJ1770.00Bank and discountCRJ11 592.00 Sundry journal debitsJ1803.00 Sundry journal creditsJ1253.00 Balancec/d1 012.00 2 923.00 Jun 1Balance **b/d1012.00

14 Journals Solution Ledger accounts Dr Debtors control GL 5 Cr DateDetailFolRDateDetailFolR May 1Balance *b/d1 350.00May 31Sales returnsSRJ166.00 31SalesSJ1770.00Bank and discountCRJ11 592.00 Sundry journal debitsJ1803.00 Sundry journal creditsJ1253.00 Balancec/d1 012.00 2 923.00 Jun 1Balance **b/d1012.00

15 Journals Solution Debtors Ledger accounts Dr A DL1 Cr DateDetailFolRDateDetailFolR May 1Balance *b/d450.00May 15Bank and discountCRJ1670.00 2SalesSJ1220.00 670.00 DateDetailFolRDateDetailFolR May 1Balance *b/d680.00May 8Sales returnsSRJ144.00 2SalesSJ1440.00 15BankCRJ1400.00 31Balancec/d676.00 1 120.00 Jun 1Balance **b/d676.00 Dr B DL2 Cr

16 Journals Solution Debtors Ledger accounts Dr C DL3 Cr DateDetailFolRDateDetailFolR May 1Balance *b/d220.00May 8Sales returnsSRJ122.00 2SalesSJ1110.00 15Bank and discountCRJ1522.00 18FurnitureJ1253.00 31Balancec/d336.00 1 133.00 Jun 1Balance **b/d336.00 * List of closing balances of debtors: AR - BR676.00 CR336.00 R 1 012.00

17 Journals Solution Debtors Ledger accounts Dr C DL3 Cr DateDetailFolRDateDetailFolR May 1Balance *b/d220.00May 8Sales returnsSRJ122.00 2SalesSJ1110.00 15Bank and discountCRJ1522.00 18FurnitureJ1253.00 31Balancec/d336.00 1 133.00 Jun 1Balance **b/d336.00 * List of closing balances of debtors: AR - BR676.00 CR336.00 R 1 012.00

18 Journals Solution Ledger accounts Dr Debtors control GL 5 Cr DateDetailFolRDateDetailFolR May 1Balance *b/d1 350.00May 31Sales returnsSRJ166.00 31SalesSJ1770.00Bank and discountCRJ11 592.00 Sundry journal debitsJ1803.00 Sundry journal creditsJ1253.00 Balancec/d1 012.00 2 923.00 Jun 1Balance **b/d1012.00

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