Haa.

Alif Atholhu Madharusa

Hoarafushi
Accounting / Work sheet
Control account
Grade 9

Assignment questions
Q 1. The following details are available from the books of Weston for the month of May, 2003.
Prepare Sales ledger control account.
$
Opening debtors 4 000
Cheques received from debtors 60 000
Bad debts written off during the year 750
Discount allowed 1 250
Returns inwards 800
Transfer from purchases ledger to sales ledger 500
Credit sales 100 000
Closing debit balances in the sales ledger 32700
…………………………………………………………………………………………………………………………..

Q 2. From the following information

Prepare the sales ledger control account.
$
Opening debtors 12 000
Credit sales 30 000
Returns inwards 500
Discounts allowed 1 000
Bad debts written off 200
Cash received from debtors 25 000
Customers cheques returned unpaid 1 000
Set off from sales ledger to purchases ledger 600
Closing credit balance in the sales ledger 1000
Ha. Alif Atholhu Madharusa
Hoarafushi
Control account
Grade 9

Q3.The following details are available from the books of Weston for the month of May, 2003.Prepare Purchases
ledger control account.
$
Opening creditors 3 800
Cheques paid to creditors 15 000
Discount received 1 000
Returns outwards 500
Transfer from purchases ledger to sales ledger 500
Credit purchases 41 000
Closing debit balance in the purchase ledger 450

Q 4.From the following information, prepare the purchases ledger control account.
$
Opening creditors 8 000
Credit purchases 25 000
Returns outwards 800
Discounts received 300
Cheques paid to creditors 20 000
Set off from sales ledger to purchases ledger 600
Closing debit balances in the purchase ledger 250

……………………………………………………………………………………………………………………………..
Q3.The following details are available from the books of Weston for the month of May, 2003.Prepare Purchases
ledger control account.
$
Opening creditors 3 800
Cheques paid to creditors 15 000
Discount received 1 000
Returns outwards 500
Transfer from purchases ledger to sales ledger 500
Credit purchases 41 000
Closing debit balance in the purchase ledger 450

Q 4.From the following information, prepare the purchases ledger control account.
$
Opening creditors 8 000
Credit purchases 25 000
Returns outwards 800
Discounts received 300
Cheques paid to creditors 20 000
Set off from sales ledger to purchases ledger 600
Closing debit balances in the purchase ledger 250

Haa. Alif Atholhu Madharusa

Hoarafushi
Control account
 Grade 9

Q5. The following details are available from Winston’s books for the month of May 2003
2003
$
May 1 Sales Ledger Control account balance b/f 10 000

Purchases Ledger Control account balance b/f 8 000

31 Purchases for month 12 000

Sales for month 16 000

Returns inwards 1 000

Returns outwards 400

Payments to creditors 11 000

Receipts from debtors 15 500

Customer’s cheque returned unpaid by bank 500

Bad debts written off 300

Discount received 550

Discount allowed 750

Transfer of debit balances from Sales Ledger to

Purchases Ledger during month 400

Credit balances in Sales Ledger 31 May 2003 600

Debit balances in Purchases Ledger 31 May 200 200

a. Prepare the Sales Ledger Control Account and Purchases Ledger Control Account for
the month of May 2003.

Haa. Alif Atholhu Madharusa

Hoarafushi
Control account
 Grade 9
Q6. The following information was obtained from the books of Vale:
$
1 March 2003 Debtors 9506
Creditors 2580
31 March Credit Sales 20345
Credit purchases at list price 7200
Purchases returns at list price 200
Sales returns 120
Cash and cheques received from debtors 19580
Customers cheques dishonored 250
Cash and cheques paid to suppliers 5170
Discount received 190
Discount allowed 210
Interest charged to customers on
overdue accounts ……………………………. 70
Bad debts written off 155
Balance in the Sales Ledger set off against
balance in the Purchases ledger…………… 350
Cash refunds from suppliers for
overpayments………………………………….. 60
Debit balances in Purchases ledger 40
Credit balances in Sales Ledger 64

All purchases and purchases returns were subject to a trade discount of 10% off the list
price

REQUIRED:
a) Select the appropriate balances and prepare the Purchases Ledger Control
account
for the month of March, No other account is required.
b) Identify two advantages of preparing control accounts.

Haa. Alif Atholhu Madharusa

Hoarafushi
 Reconciliation of control accounts
Grade 9

Q7. Glenda balanced her Purchases Ledger Control Account on 30 September 2003 and it is
showed a credit balance of $21600. The individual suppliers’ balances were then listed
and they totaled $21310.

The records were examined and the following errors were found and corrected:

1. Tracey allowed prompt payment discount $30 to Glenda. This was treated as
a credit entry in Tracey’s account. It was entered correctly in the Cash Book.

2. The Purchases Day Book was over-added by $200.

3. Goods costing $1150 were bought from Cullen on credit but no entries were
made in any of the books.

4. Stamford’s credit balance of $150 was omitted when the suppliers’ balances
were listed.

REQUIRED:

a) Draw up an adjusted Purchases Ledger Control Account.

b) Prepare a statement with a heading to reconcile the original total of the

suppliers’ balances with the adjusted Purchases Ledger Control Account
balance.

Haa. Alif Atholhu Madharusa

Hoarafushi
 Grade 9 / Accounting

Q8. H Adams prepared his Sales Ledger Control Account at 31 October 2003 and it showed
a debit balance of $12420. However, when he listed the individual customer’s
balance in his Sales Ledger, the total came to $12 200 Dr. at the same date.

When the records were examined, the following errors were found and corrected

a. The sales returns book had been overcast by $20.

b. B. Lancaster had been allowed cash discount of $10, which was recorded correctly in
the Cash Book but had been entered incorrectly on the wrong side of Lancaster’s
account.

c. A bad debt of $260 had been written off but no entry had been made in the control
Account.

d. Goods to the value of $600 had been sent to B. Harris on credit, but no entries had
been passed in any of the books.

You are required to prepare:

i) An adjusted Sales Leger Control Account:

ii) A statement showing the reconciliation of the original total of the Sales Ledger
balances with the new Control Account balance.

Q9. . H. Adams prepared his Sales Ledger Control Account at 31 October 2003 and it
showed a debit balance of $12420. However, when he listed the individual customer’s
 balance in his Sales Ledger, the total came to $12 250 Dr. at the same date.

When the records were examined, the following errors were found and corrected

1. The sales returns Book had been overcast by $30.

2. B. Camera had been allowed cash discount of $20, which was recorded correctly in
the Cash Book but had been entered incorrectly on the wrong side of B. Camera’s
account.

3. A bad debt of $240 had been written off but no entry had been made in the control
account.

4. Goods to the value of $700 had been sent to Ali Raja on credit, but no entries had
been passed in any of the books.

You are required to prepare:

i) An adjusted Sales Leger Control Account:

ii) A statement showing the reconciliation of the original total of the Sales Ledger
balances with the new Control Account balance