On 30 November 2018, John Paul prepared the following incorrect sales

ledger control account.

(P55891A0624)

Sales Ledger Control Account

Date Narrative £ Date Narrative £

Nov 30 Credit Sales 132,789 Nov 1 Balance b/f 24,100

Credit Payment
87,045 Nov 30 122,900
Purchases Received

Cash Sales 32,865 Bad Debts 600

Discount Credit Customer

876 5,213
Allowed Returns

Balance c/d 100,762

253,575 253,575

Dec 1 Balance c/d 100,762

Prepare the sales ledger control account for the month of November 2018.
Balance the account on 30 November 2018 and bring the balance down to 1
December 2018. (8)
Sales Ledger Control Account

Date Narrative £ Date Narrative £

P57076A01220 $

At June 2017

Trade Receivables Ledger Control Account Balance 65,450

For the year ended 31 May 2018

Cash Sales 80,100

Credit Sales 255,895

Irrecoverable Debts 11,500

Payables Ledger Set Off 7,895

Receipts from Credit Customers 228,955

Returns Inwards 4,567

Prepare the following account for the year ended 31 May 2018. Balance the
account on that date and bring the balance down on 1 June 2018.
(7)

Trade Receivables Ledger Control Account

Date Details $ Date Details $

P62009A01220 $

Trade Receivables Ledger Balances at 1 April 2019 17,460

Cash Sales 15,450

Credit Sales 84,200

Customer Cheque Dishonored 315

Discount Allowed 2,100

Irrecoverable Debts 290

Payables Ledger Set Off 475

Receipts from Credit Customers 79,640

Returns Inwards 3,150

Prepare the following account for the month ended 30 April 2019. Balance
the account on that date and bring the balance down on 1 May 2019.
(10)

Sales Ledger Control Account

Date Details $ Date Details $

P59940A01220 $

At 1 November 2019

Credit Balances 46,935

Debit Balances 290

For the month of November 2019

Cash Purchases 2,650

Credit Purchases 36,940

Discount Received 612

Interest Charged 266

Payments to Credit Suppliers 32,418

Return Outwards 358

Trade Receivables Ledger Set-off 220

At 30 November 2019

Debit Balances 135

Prepare the following account for the month ended 30 November 2019.
Balance the account on that date and bring the balance down on 1
December 2019.

(10)

Trade Payables Ledger Control Account

Date Details $ Date Details $

P63011A0820 $

Balance at 1 March 2020 16,250

Totals for the Month

Credit Purchases 18,230

Returns Outwards 615

Interest Charged 30

Trade Receivables Ledger Balance Set Off 465

Payments Made 14,540

Discount Received 235

Refund Received 55

Prepare the following account for the month for the month of March 2020.
Balance the account on 31 March 2020 and bring the balance down on 1
April 2020. (10)

Trade Payables Ledger Control Account

Date Details $ Date Details $

P62022A01420 $

At 1 April 2019

Trade Receivables Ledger Control Account Balance 92,130

For the year ended 31 March 2020

Cash Sales 8,280

Credit Sales 564,270

Customer’s Cheque Dishonored 1,560

Discount Allowed 4,880

Irrecoverable Debts 2,600

Payables Ledger Set Off 1,290

Receipts from Credit Customers 542,730

Returns Inwards 3,450

Prepare the following account for the month ended 31 March 2020. Balance
the account on that date and bring the balance down on 1 April 2020.
(10)

Trade Receivables Ledger Control Account

Date Details $ Date Details $
Chen provided the following information for the month ended 31 March 2021.

P66467A01224 $

Cash Purchases 2,740

Cash Sales 5,650

Contra/Set-off 120

Credit Purchases 32,550

Credit Sales 38,910

Customer’s Cheque Dishonored 410

Discount Allowed 720

Discount Received 390

Interest Charged on customer’s overdue account 80

Irrecoverable Debts 450

Payments to Credit Suppliers 36,070

Receipts from Credit Customers 44,600

Return Inwards 1,420

Return Outwards 1,050

At 31 March 2021

Trade Payables Ledger Balances To Be Calculated

Trade Receivables Ledger Balances To Be Calculated

Prepare the following account for the month ended 31 March 2021. Balance
the account on that date and bring the balance down on 1 April 2021.
(9)

Trade Receivables Ledger Control Account

Date Date
Details $ Details $
2021 2021

1 Mar Balance b/d 56,240

Prepare the following account for the month ended 31 March 2021. Balance
the account on that date and bring the balance down on 1 April 2021.
(6s)

Trade Payable Ledger Control Account

Date Date
Details $ Details $
2021 2021

1 Mar Balance b/d 42,580

Eldin provided the following information for the month ended 31 August
2020.
P66468RA $

Credit Sales 29,535

Customer Overpayment refunded by Cheque 160

Discount Allowed 984

Interest Charged 119

Irrecoverable Debts 597

Receipts from Credit Customers 36,250

Returns Inwards 380

Trade Payables Set-off 665

Credit Balances at 31 August 2020 240

Prepare the following account for the month ended 31 August 2020. Balance
the account on that date and bring the balance down on 1 September 2020.
(10)

Trade Receivables Ledger Control Account

Date Date
Details $ Details $
2020 2020

Aug 1 Balance b/d 46,220

Lucas provided the following information for the month ended 31 March
2022.

P71572A01820 $

Trade Receivables Ledger Balances at 1 March 2022 48,220

Trade Receivables Ledger Balances at 31 March 2022 47,830

Cash Sales 8,300

Contra/Set-off to Trade Payable Ledger 270

Credit Customer’s Cheque Dishonored 360

Credit Sales 41,480

Discount Allowed 410

Discount Received 120

Irrecoverable Debts 1,930

Receipts from Credit Customers 38,590

Return Inwards 1,030

Return Outwards 1,950

Prepare the following account for the month ended 31 March 2022. Balance
the account on that date and bring the balance down on 1 April 2022.
(8)

Trade Receivables Ledger Control Account

Date Date
Details $ Details $
2022 2020
Lucas provided the following information for the month ended 31 March
2022.

P71573A01424 $

Trade Payables Ledger Balances at 1 March 2022

Credit Balances 38,450
Debit Balances 165
Trade Payables Ledger Balances at 1 March 2022
Credit Balances To be calculated
Debit Balances 50

Cash Purchases 4,210

Contra/ Set-off Trade Receivables Ledger 325

Credit Purchases 28,240

Discount Allowed 515

Discount Received 280

Interest Charged by Credit Suppliers 65

Payments to Credit Suppliers 31,400

Return Inwards 180

Return Outwards 390

Prepare the following account for the month ended 31 March 2022. Balance
the account on that date and bring the balance down on 1 April 2022.
(10)

Trade Payable Ledger Control Account

Date Date
Details $ Details $
2022 2020
Evaluate why a business maintains ledger control accounts.
(5)

State three other items that may appear in a trade receivables ledger
control account.
(3)
State two reasons for maintaining a trade payables ledger control account.
(2)

Explain two reasons for preparing a trade payables ledger control account.
(4)

Evaluate why business maintains a trade receivables ledger control account.

(5)
State three reasons why a business may receive a refund from a credit
supplier. (3)

State one possible reason why a business has a debit balance on the trade
payables ledger control account.
(1)

Evaluate two benefits of maintaining a trade receivables ledger control

account. (5)