Joomla TemplatesBest Web HostingBest Joomla Hosting
Home Control Accounts Purchases/Creditors Ledger Control Account

Articles

Purchases/Creditors Ledger Control Account

A purchases ledger control account for a purchases ledger


Purchases Ledger

W White Account

Date Particulars Folio Amount Date Particulars Folio Amount
$ $
20X1 20X1
Feb 14 Cash
3,330 Feb 01 Balance b/d
2,560
"   25 Returns outwards
350 "   12 Purchases 2,320
"   28 Balance c/d 3,320 "   21 Purchases
2,120
7,000 7,000
20X1

Mar 01 Balance b/d 3,320


B Black Account

Date Particulars Folio Amount Date Particulars Folio Amount
$ $
20X1 20X1
Feb 11 Bank
5,220 Feb 01 Balance b/d
3,120
"   24 Cash 3,530 "    17 Purchases
4,720
"   28
Balance c/d 3,250 "    29
Purchases
4,160
12,000 12,000

20X1
Mar 01 Balance b/d 3,250


G Grey Account

Date Particulars Folio Amount Date Particulars Folio Amount
$ $
20X1 20X1
Feb 06 Bank
5,520 Feb 01
Balance b/d 3,110
"   21 Returns outwards 330 "   15
Purchases
3,510
"   28 Balance c/d 3,150 "   20
Purchases
2,380
9,000 9,000

20X1
Mar 01 Balance b/d 3.150


Totals of the above entries:

$
Opening balance 8,790
Total credit purchases for January 19,210
Cheques issued in January 10,740
Cash paid in January 6,860
Returns outwards 680
Closing balance 9,720


General Ledger

Purchases Ledger Control Account

Date Particulars Folio Amount Date Particulars Folio Amount
$ $
20X1 20X1
Feb 28
Bank
10,740 Feb 01
Balance b/d 8,790
"   28
Cash 6,860 "   28
Purchases 19,210
"   28 Returns outwards 680

"   28 Balance c/d 9,720
28,000 28,000
20X1

Mar 01 9,720


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

Last Updated (Friday, 03 September 2010 19:50)