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