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    tomy johannes's Avatar
    tomy johannes Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Sep 14, 2012, 10:26 AM
    You are the accountant of Cocktail Ltd. The following information for February 20.2
    You are the accountant of Cocktail Ltd. The following information for February 20.2 was
    Obtained from the records before any adjustments were made:
    R
    Total sales for the month... 62 550
    Cash received from debtors... 36 500
    Settlement discount granted to debtors during the month... 750
    Additional information:
    (a) The sales journal has been overcast by R2 200.
    (b) Cash sales for the month amounted R7 800.
    (c) The debtors control account reflected a balance of R27 000 on 1 February 20.2.
    (d) The card of a creditor with a debit balance of R1 050 was transferred to the debtors
    Ledger. This person will in future be a debtor.
    Which one of the following amounts represents the correct balance on the debtors control
    Account at 28 February 20.2?
    1. R41 850
    2. R43 350
    3. R44 100
    4. R45 550
    5. None of
    paraclete's Avatar
    paraclete Posts: 2,706, Reputation: 173
    Ultra Member
    		  
    #2

    Sep 14, 2012, 04:24 PM
    Surely it is not difficult to post the various transactions to the control account. This assignment is yours to complete if after you have completed it you have questions
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