Introduction
Good day learners, Today we are starting a new topic that is based on the Debtors ledger account. Let's watch 5 minutes video so that you can be able to understand the definition and the purpose of this topic.
Task
Opening balance on 1 August 2020 was as follows J.Smith R4500. Opening balance on 1 August 2020 was as follows J.Smith R4500. Read the translations and tell which journal falls under it and prepare debtors' ledger account.
1.1 03 Supplied merchandise on credit to J.Smith R1200 issued invoice 969. (2)
1.2 05 J.Smith returned to stock as it was damaged R2000 credit note 300 was issued. (2)
1.3 13 received cheque from J. Smith of R1500, after 10% discount had been allowed. Issued 128. (2)
1.4 20 J.Smith sent a cheque for R1700 in part of the payment of his account issued receipt 129. (2)
Process
Use the link to support the information provided in the preceding instructions.
Evaluation
| QuestionS | Total marks |
|---|---|
| 1.1 | 2 |
| 1.2 | 2 |
| 1.3 | 2 |
| 1.4 | 2 |
Conclusion
Please study and comprehend how to prepare the debtor's ledger account.
Also, be able to understand the concept under the debtor's ledger and its journal.
In preparation for our next class, watch the video.
Credits
Teacher Page
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