Control Account II: Preparation of Control Account

Home » Control Account II: Preparation of Control Account
You must complete Depreciation of Fixed Asset I to unlock this Lesson.

Preparation of sales ledger control account

Exercise 17.1 on page 176 of Essential Financial Accounting for Senior Secondary School by O.A. Longe& R.A. Kazeem is treated and solved.

ADE & SEGUN ENTERPRISES

The following information were extracted from the books of Ade & Segun Enterprises for the month of July, 1997.

You are required to prepare

  • Sale le4dger control account
  • Purchases ledger control account

Sales Ledger Control Account

Purchases Ledger Control Account

EDALA ENTERPRISES

Sales Ledger Control Account

Purchases Ledger Control Account

Treatment of Cash/Bank Payment and Discount Received

LOLA ENTERPRISES

Debtors Control Account

Creditors Control Account

 

RELATED TO: Control Account II: Preparation of Control Account

Lesson tags: Financial Accounting Lesson Notes, Financial Accounting Objective Questions, SS1 Financial Accounting, SS1 Financial Accounting Evaluation Questions, SS1 Financial Accounting Evaluation Questions Third Term, SS1 Financial Accounting Objective Questions, SS1 Financial Accounting Objective Questions Third Term, SS1 Financial Accounting Third Term
Back to: Financial Accounting – SS1 > Third Term

Discussions on Financial Accounting

Filter:AllOpenResolvedClosedUnanswered
Sorry, but nothing matched your filter

Can’t View the Complete Lesson?

All new subscriptions are on game mode by default. This implies that you must complete lesson 'A' to unlock 'B'. To do this, you need to pass the test on 'A'.

Game mode helps students absorb and retain content, but teachers may want it disabled to grant them direct access to any lesson. To prevent abuse of the platform, only users on a Termly plan or higher can get it disabled.

For help with this, please contact us on any of our helplines.
© [2022] Spidaworks Digital - All rights reserved.
error: Alert: Content is protected !!