1. The following information was obtained from the books of Sam Stryder.

1 April 2007 Debtors balance Creditors balance 30 April 2007 Credit sales for month 300 Credit purchases for month 900 Cash sales for month 360 Cash purchases for month Sales returns for month Purchase returns for month Cheques received from debtors Cheques paid to creditors Discounts allowed Discounts received Balance in sales ledger set off against balance in purchases ledger Interest charged to customers on overdue accounts Interest charged by supplier on overdue account 7 190 4 120 46 29 14 9 750 1 070

940 38 900 28 100 1 060 760 90 20 10

REQUIRED (b) Select the appropriate items and prepare the purchases ledger control account for the month of April.

2. Tsang is in business buying and selling goods on credit. The following information is available for the month of March 2010. Revenue (sales) Inventory (stock) 1 March Trade payables (creditors) 1 March Payments to suppliers Discount received Inventory (stock) 31 March Ordinary goods purchased Wages & expenses REQUIRED (a) Prepare the purchase ledger control account showing the balance of trade payables 65 000 3 400 1 700 47 000 300 2 900 47 900 2 500

(creditors) at 31 March 2010.

3. Fatima Haider extracted the following figures from her balance sheet at 1 October 2006:

Plant and machinery at net book value Stock at cost Debtors Cash at bank Creditors Capital

48 000 14 300 9 300 6 400 8 700 69 300

At the end of Fatima Haiders financial year on 30 September 2007 the balances of stock, debtors and creditors had each increased by 10 %. The summarised cash book for Fatima Haider for the year ended 30 September 2007 was as follows: Summarised Cash Book Balance b/d Receipts from sales Balance c/d 6 400 112 070 11 530 130 000 Payments for purchases Sundry expenses Drawings 95 400 19 600 15 000 130 000

REQUIRED (a) A debtors account to calculate Fatima Haiders sales for the year ended 30 September 2007. (b) A creditors account to calculate Fatima Haiders purchases for the year ended 30 September 2007.

4. Tina West, a trader, uses books of prime entry. She does not operate a full double entry system. The following information is extracted from her business records for the year ended 31 October 2008:

Debtors control account balance 1 November 2007 200 Debtors control account balance 31 October 2008 600

33 48

Receipts from debtors 000 Receipts from cash sales Bad debt written off Discount allowed REQUIRED (a) Calculate the total sales for the year ended 31 October 2008.

135 56 000 5 500 7 200

Difficulty Level: Moderate 5. JR's sales ledger control account balances at 1 March 2008 were as follows. Dr $340 600 Cr $1 960

During March 2008 the following transactions took place. Credit sales Cash sales Sales returns from credit customers Receipts from debtors Discounts allowed Additional information for the month of March 2008 1. The receipts from debtors included a cheque for $3600 in full settlement of a debt of $3800. This was returned by the bank on 28 March marked "insufficient funds". 2 . Eva Little and JR both buy from and sell to each other. At 31 March 2008 Eva owed JR $5000 and JR owed $8600 to Eva. They agreed to offset balances, the net amount being payable by JR on 31 March 2008. 3. It was agreed that a debt of $2300 from Alice Springs was bad and it was written off. 4. The total credit balances in the sales ledger control account at 31 March 2008 were $8340. REQUIRED (a) Prepare JR's sales ledger control account for the month of March 2008 295 000 219 750 6 480 238 600 3 500

Difficulty Level: Hard 6. The following information was extracted from the books of William Noel for the year ended 30 April 2001. Purchase Ledger Balance at 1 May 2000 Credit purchases for the year Credit purchases returns Cheques paid to creditors Cash purchases Discount received on credit purchases Credit balances transferred to sales ledger accounts 43 120 824 140 12 400 745 980 8 940 31 400 5 210

A. Draw up the Purchase Ledger Control account for the year ended 30 April 2001. The total of the balances in William Noels purchase ledger amounts to $67 660, which does not agree with the closing balance in the Control account. The following errors were then discovered. 1. Discount received had been overstated by $1000. 2. A credit purchases invoice for $2040 had been completely omitted from the books. 3. A purchases ledger account had been understated by $100. 4. A credit balance of $850 in the purchases ledger had been set off against a contra entry in the sales ledger, but no entry had been made in either control account. 5. A payment of $1450 had been debited to the creditors account but was omitted from the bank account. 6. A credit balance of $3210 had been omitted from the list of creditors.

B. Extract the necessary information from the above list and draw up an amended Purchase Ledger Control account for the year ended 30 April 2001.