Joomla TemplatesBest Web HostingBest Joomla Hosting
Home Control Accounts Sales/Debtors Ledger Control Account

Articles

Sales/Debtors Ledger Control Account

A sales ledger control account for a sales ledger


Sales Ledger

R Red Account

Date Particulars Folio Amount Date Particulars Folio Amount
$ $
20X1 20X1
Jan 01 Balance b/d 2,330 Jan 12 Bank 5,310
"   15 Sales 4,600 "   22 Returns inwards 360
"   21 Sales 2,870 "   31
Balance c/d 4,130
9,800 9,800
20X1
Feb 01 Balance b/d 4,130


B Blue Account

Date Particulars Folio Amount Date Particulars Folio Amount
$ $
20X1 20X1
Jan 01 Balance b/d 4,230 Jan 11 Bank 4,230
"   18 Sales 6,500 "   26 Cash
5,500
"   27
Sales 4,270 "   31
Balance c/d 5,270
15,000 15,000
20X1
Feb 01 Balance b/d 5,270


G Green Account

Date Particulars Folio Amount Date Particulars Folio Amount
$ $
20X1 20X1
Jan 01 Balance b/d 2,150 Jan 10
Cash 2,000
"   16 Sales 2,530 "   10
Returns inwards 150
"   23 Sales 1,820 "   31
Balance c/d 4,350
6,500 6,500
20X1
Feb 01 Balance b/d 4,350


Totals of the above entries:

$
Opening balance 8,710
Total credit sales for January 22,590
Cheques received in Janaury 9,540
Cash received in January 7,500
Returns inwards 510
Closing balance 13,750


General Ledger

Sales Ledger Control Account

Date Particulars Folio Amount Date Particulars Folio Amount
$ $
20X1 20X1
Jan 01 Balance b/d 8,710 Jan 31
Bank 9,540
"   31 Sales 22,590 "   31
Cash 7,500

Returns inwards 510
Balance c/d 13,750
31,300 31,300
20X2
Feb 01 Balance b/d 13,750


The totals of the control account equal the totals in the sales ledger. This shows there is no error committed.

Last Updated (Friday, 03 September 2010 19:46)