Page 173 - F3 -FA Integrated Workbook STUDENT 2018-19
P. 173
Payables, provisions and contingent liabilities
Illustration 1
Trade payables’ ledger control
Date Details $ Date Details $
Jan Cash paid to credit X Jan 1 Balance b/d X
suppliers
Settlement discount X Jan Credit purchases X
received
Purchase returns X
Contra with trade X
receivables’ ledger
control
Jan 31 Balance c/d X
––– –––
X X
––– –––
Feb 1 Balance b/d X
167
