Purchases Ledger Control Account - SS2 Accounting Lesson Note
Question:
The following are transaction gathered from the books of ABC TECH for May, 2022. You are required to prepare the purchases ledger control account.
|
Date |
Supplier |
Invoice No. |
Amount (₦) |
|
May 2, 2022 |
XYZ Ltd. |
INV001 |
25,000 |
|
May 6, 2022 |
MNO Inc. |
INV002 |
50,000 |
|
May 10, 2022 |
PQR Corp. |
INV003 |
35,000 |
|
May 14, 2022 |
XYZ Ltd. |
INV004 |
30,000 |
|
May 18, 2022 |
STU LLC |
INV005 |
45,000 |
|
May 22, 2022 |
MNO Inc. |
INV006 |
55,000 |
|
May 26, 2022 |
PQR Corp. |
INV007 |
40,000 |
Answer:
Purchases ledger control accounts for ABC TECH
For the month ended May 2022
|
Particulars |
Debit (₦) |
Credit (₦) |
|
XYZ Ltd. MNO Inc. PQR Corp. XYZ Ltd. STU LLC MNO Inc. PQR Corp. Balance c/d Total Balance b/d |
25,000 50,000 35,000 30,000 45,000 55,000 40,000 280000 280000 |
280000 280000 |
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