1. CHAPTER 37 Debtors and Creditors Control Accounts
21/05/2019
CHAPTER 37 Debtors and Creditors Control Accounts
Based on Qs 4 and 8 12 pages 339 and 340 in the Textbook
This is the Title Slide
R. DELANEY

2. Debtors Control Account: Summary
R. Delaney
Debtors Control Account: Summary
Enter the total value of opening balances on the debit side of the Control Account
The debtors received the goods sold to them therefore debit the Control Account with the total value of Credit Sales
The debtors are the givers of the goods returned therefore credit the Control Account with the total value of Sales Returns.
The debtors are the givers of the payments received therefore credit the Control Account with the total value of Debtors in the Analysed Cash Book.

3. Q4 (“T” Format) Date Details F € Date Details F € 1/11/11
R. Delaney
Q4 (“T” Format)
Debtors Control A/C at 31/11/11
Date
Details F €
Date
Details F €
1/11/11
Opening Balance
80,000
31/11/11
Returns
SRB1
20,000
31/11/11
Sales
SB1
70,000
31/11/11
Bank
CB1
90,000
_____
31/11/11
Bal c/d
40,000
150,000
150,000
Balance b/d
40,000

4. Q4 Continuous Balance Format
R. Delaney
Q4 Continuous Balance Format
Debtors Control A/C at 31/11/11
Date
Details F
Dr.
Cr.
Balance € € €
1/11/11
Opening Balance
80,000
31/11/11
Sales
SB1
70,000
150,000
31/11/11
Returns
SRB1
20,000
130,000
31/11/11
Bank
90,000
40,000

5. Creditors Control Account: Summary
R. Delaney
Creditors Control Account: Summary
Enter the total value of opening balances on the credit side of the Control Account.
The creditors are the giver of goods purchased from them therefore credit the Control Account with the total value of Credit Purchases.
The creditors are the receivers of the goods returned therefore debit the Control Account with the total value of Purchases Returns.
The creditors are the receivers of the payments made therefore debit the Control Account with the total value of Creditors in the Analysed Cash Book.

6. Q8 (“T” Format) Date Details F € Date Details F € 30/6/11
R. Delaney
Q8 (“T” Format)
Debtors Control A/C at 31/11/11
Date
Details F €
Date
Details F €
30/6/11
Purchases Returns
PRB1
20,000
1/6/11
Balance
80,000
30/6/11
Bank
CB1
40,000
30/6/11
Purchases
PB1
60,000
30/6/11
Balance c/d
80,000
_____
140,000
140,000
Balance b/d
80,000

7. Q8 Continuous Balance Format
R. Delaney
Q8 Continuous Balance Format
Debtors Control A/C at 31/11/11
Date
Details F
Dr.
Cr.
Balance € € €
1/6/11
Opening Balance
80,000
30/6/11
Purchases
PB1
60,000
140,000
30/6/11
Returns
PRB1
20,000
120,000
30/6/11
Bank
CB1
40,000
80,000