User Account

All Pages

How do a debtors control account properly balanced for april

Assignment Help Accounting Basics
Reference no: EM132683207

The following information refers to Thuthukani Stores for April 2016:

R

Balance of the debtors control account at 1 April 2016 15400

Totals of journals for the month:

Columns in the Cash Receipts Journal:

Cash sales 200 000

Debtors control 63 400

Settlement discount granted 1 600

Columns in the Cash Payments Journal:

Creditors control 34000

Settlement discount received 900

Debtors control( credit balance repaid) 600

R/D cheque from debtor P.Penny 800

Sales journal:

Debtors control 65 000

Sales returns journal(all on credit sales) 400

General journal: interest charged to debtors 300

REQUIRED:

Problem 1: How do a debtors control account properly balanced for April 2016.

Reference no: EM132683207

Questions Cloud

Judaism modern challenges : Look at the history and beliefs of the three traditions. How is this religion responding to challenges in the modern world?
Provide on- demand trades and handyman services : Provide on- demand trades & handyman services to their customers. The objective of the app is to connect tradesmen and customers.
How will the items recognised in terms of ifrs be presented : How will the items recognised in terms of IFRS 16 be presented in the annual financial statements. Also discuss the how the tax relating to said items
Resource management based on ethical approaches : Discuss resource management based on ethical approaches used during crisis management.
How do a debtors control account properly balanced for april : How do a debtors control account properly balanced for April 2016. Balance of the debtors control account at 1 April 2016 15400
New innovation in information systems : Name one new innovation in information systems, and explain how it has been used to enhance organizational decision making and collaboration.
Numerous breaches of security : Numerous breaches of security have occurred at educational institutions in the United States since 2000. Chronologize at least three major incidences
How much money has put into the business so far : How much money he has put into the business so far? Rodrigo has just opened a new business near campus that is a combination of a laundromat
Corporate team building training : Explain in detail why or why not you would purchase team-training courses from this organization.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd