Debtor's Ledger

 

  1. Prepare the debtors ledger for A. Funis for September 2019 

  2. A. Funis had a balance of R7000 on 31 August 2019. 

  3. On 1 September the debtor purchased R3000 worth of goods issued invoice 001.

  4. On 6 September A. Funis paid R9500 in settlement of his account and was awarded a R500 discount. Process cheque 34.

  5. On the 8th September A. Funis purchased R4000 of goods. Issues invoice 005.  

  6. On 10 September he returned R450 worth of goods. 

  7. Cheque 004 in settlement of his account was dishonored. 

  8. A. Funis paid R5000 by EFT to the business.


Debtors Ledger for A. Funis - September 2019 

Screenshot 2020-10-02 at 14.25.30.png

Final Balance put into the debtors list- a compilation of all the debtors balances at the end of the month.

Debtors List 

Screenshot 2020-10-02 at 14.26.22.png

References

  • Anon., 2007. The Answer series: Grade 11 Accounting. 2007 ed. Cape Town: The Answer.

  • Anon., 2019. Investopedia. [Online]. Available at: https://www.investopedia.com/ [Accessed 3 October 2019].

  • Doctor, K., 2015. FLIPHTML5. [Online]. Available at: http://fliphtml5.com/fkul/mgtf/basic [Accessed 1 October 2019].

  • T Hall, D. W. P. S. A. A. P. G. P. F., 2017. Accounting Study Guide. 2016 ed. Musgrave: New Generation Publishers .

Neha Pillay (2019)

Grade 10Keroshan PillayComment