Question

15) POSTING TO GENERAL LEGDER The following totals appear in the accounting records of Compaq Enterprises for June 2020: Balances as at 1 June 2020 Bank R57 665 Debtors control R23 893 Creditors control R19 658 Cash Receipts Journal Cash sales Debtors control Bank R113 500 R21 050 R150 550 Cash Payments Journal Creditors control Purchases Bank R18 650 R57 625 R85 698 Total credit sales as per Debtors Journal Total credit purchases as per Creditors Journal R65 765 R39 648 Required: Post the transactions for June 2020 to the following ledger accounts and then balance these accounts: 4.1. Bank (5) 4.2. Debtors control (5) 4.3. Creditors control (5)

Answer 1

Following are the ledgers of Bank, Debtors Control and Creditors Control:

4.1 BANK

4.2 DEBTORS CONTROL

4.3CREDITORS CONTROL