1. VDR Ltd has the following infomation for the month.
Purchase ledger credit balances £28,267
credit purchases £16,276
purchase retuns £893
payments to credit suppliers £30,123
discounts received £276.
Task – calculate the closing balance for the trade p
£13,251
1 of 8
PRC Ltd has the following infomation for the month:
sales ledger debit balances £67,243
credit sales £45,220
sales retuns £653
receipts from credit customers £43,259
discounts allowed £356
irecoverable debt £442.
Task – calculate the closing balance for t
£67,753
2 of 8
. KT Ltd has the following infomation for the month:
sales ledger debit balances £48,923
credit sales £32,453
Cash sales £2353
sales retuns £172
discounts allowed £92
receipts from credit customers £29,267
retuned (dishonoured) cheque received from credit
£52,291
3 of 8
. H D.P. Ltd as the following infomation for the month:
opening purchase ledger credit balances £82,453
opening purchase ledger debit balances £362
credit notes received from suppliers £749
invoices received from credit suppliers £62,432
payments made to
£88,335
4 of 8
DSK Ltd has the following infomation for the month:
opening sales ledger debit balances £58,293
opening sales ledger credit balances £86
credit sales £45,263
Cash sales £362
irecoverable debt £52
purchase ledger contra (set off) £1248
receipts from credit
£55,920
5 of 8
BRQ Ltd has the following infomation for the month:
opening purchase ledger credit balances £35687
opening purchase ledger debit balances £202
purchases from credit account suppliers £19,234
Cash purchases £358
interest charged on overdue account £38
paym
£35,728
6 of 8
CDP Ltd has sold £1000 of goods to a customer, RCS Ltd, offeing 5% trade discount and 1.5%
early settlement discount if paid within 10 days. The customer settled the invoice on day 8.
Task – calculate the amount RCS Ltd will pay CDP Ltd?
£935.75
7 of 8
CDP Ltd has sold £6000 of goods to a customer, RCS Ltd, offeing 8% bulk settlement discount
and 2.5% early settlement discount if paid within 10 days. The customer settled the invoice on
day11.
Task – calculate the amount RCS Ltd will pay CDP Ltd?
£5520
8 of 8
Other cards in this set
Card 2
Front
PRC Ltd has the following infomation for the month:
sales ledger debit balances £67,243
credit sales £45,220
sales retuns £653
receipts from credit customers £43,259
discounts allowed £356
irecoverable debt £442.
Task – calculate the closing balance for t
Back
£67,753
Card 3
Front
. KT Ltd has the following infomation for the month:
sales ledger debit balances £48,923
credit sales £32,453
Cash sales £2353
sales retuns £172
discounts allowed £92
receipts from credit customers £29,267
retuned (dishonoured) cheque received from credit
Back
Card 4
Front
. H D.P. Ltd as the following infomation for the month:
opening purchase ledger credit balances £82,453
opening purchase ledger debit balances £362
credit notes received from suppliers £749
invoices received from credit suppliers £62,432
payments made to
Back
Card 5
Front
DSK Ltd has the following infomation for the month:
opening sales ledger debit balances £58,293
opening sales ledger credit balances £86
credit sales £45,263
Cash sales £362
irecoverable debt £52
purchase ledger contra (set off) £1248
receipts from credit
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