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Chapter 20
Example 4: Solution
Sales ledger control account
Dr $ Cr $
Balance b/d 44,040 Discounts allowed 6,805
Sales 306,580 Cash and cheques 287,601
Cheques dishonoured 251 Sales returns 6,508
Balance c/d 49,957
350,871 350,871
Purchase ledger control account
Dr $ Cr $
Discounts received 3,415 Balance b/d 63,289
Cash and cheques 233,078 Purchases 247,084
Purchases returns 4,720
Balance c/d 69,160
310,373 310,373
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