Revisit Account Control: Sales Ledger Control Account - SS2 Accounting Lesson Note

Question:

The following are transactions gathered from the books of Gobe and John shops for October 2022. You are required to prepare the sales ledger control account.

Invoice No.

Details

Amount (₦)

Oct. 3, 2022

INV001

Sale to Customer A

25000

Oct. 5, 2022

INV002

Sale to Customer B

15000

Oct. 9, 2022

INV003

Sale to Customer C

18000

Oct. 12, 2022

INV004

Sale to Customer D

10000

Oct. 18, 2022

INV005

Sale to Customer E

22000

Oct. 23, 2022

INV006

Sale to Customer F

28000

Oct. 30, 2022

INV007

Sale to Customer G

12000

Answer: 

Sales ledger control account For Gobe and John shops

For October 2022

Sales to Customer A

Sales to Customer B

Sales to Customer C

Sales to Customer D

Sales to Customer E

Sales to Customer F

Sales to Customer G

Balance c/d

Total

Balance b/d

Invoice No.

INV001

INV002

INV003

INV004

INV005

INV006

INV007

Debit (₦)

25,000

15,000

18,000

10,000

22,000

28,000

12,000

118,000

118000

Credit (₦)

118,000

118,000