FYG Accounting & Language Training Centre 09254973158, 09967324943 Unseen Question (2) The following balance were extracted from the book of Zandar Ltd on 1 March 2008. Dr Cr $ Trade Receivable 290,925 2,000 In the month of March 2008, the following transactions took place. Sale on credit 299,000 Cash sales 42,250 YG Discount Allowed 9,500 Bad Debts written off 1,000 Return inwards from credit customers 3,550 Receipts from credit customers 283,050 Legal fee re: debt collection charged to customers account 675 Dishonoured Cheque 3,000 Debits balance on trade receivable transferred to trade payable per contra 11,000 31 March 2008, the following information was available Trade receivable credit balances 1,750 Required: Prepare the trade receivable control account for the month of March 2008.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Accounting & Language Training Centre
09254973158, 09967324943
Unseen Question (2)
The following balance were extracted from the book of Zandar Ltd on 1 March 2008.
Dr
Cr
Trade Receivable
290,925
2,000
In the month of March 2008, the following transactions took place.
$
Sale on credit
299,000
Cash sales
42,250
YG
Discount Allowed
9,500
Bad Debts written off
1,000
Return inwards from credit customers
3,550
Receipts from credit customers
283,050
Legal fee re: debt collection charged to customers account
675
Dishonoured Cheque
3,000
Debits balance on trade receivable transferred to trade payable per contra
11,000
31 March 2008, the following information was available
Trade receivable credit balances
1,750
Required:
Prepare the trade receivable control account for the month of March 2008.
Transcribed Image Text:FYG Accounting & Language Training Centre 09254973158, 09967324943 Unseen Question (2) The following balance were extracted from the book of Zandar Ltd on 1 March 2008. Dr Cr Trade Receivable 290,925 2,000 In the month of March 2008, the following transactions took place. $ Sale on credit 299,000 Cash sales 42,250 YG Discount Allowed 9,500 Bad Debts written off 1,000 Return inwards from credit customers 3,550 Receipts from credit customers 283,050 Legal fee re: debt collection charged to customers account 675 Dishonoured Cheque 3,000 Debits balance on trade receivable transferred to trade payable per contra 11,000 31 March 2008, the following information was available Trade receivable credit balances 1,750 Required: Prepare the trade receivable control account for the month of March 2008.
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