EMS- General Ledger

Question 1

Debtors control

Answer 1

Debit +: Sales DJ

Credit -: Bank CRJ, Debtors Allowances DAJ

Question 2

Trading stock

Answer 2

Debit +: Cost of sales CPJ, cost of sales DAJ, creditors control CJ
Credit -: Cost of sales CRJ, cost of sales DJ, creditors control CAJ

Question 3

Sales

Answer 3

Debit -

Credit +: debtors control DJ, Bank CRJ

Question 4

Creditors control

Answer 4

Debit -: Sundry allowances CAJ, bank CPJ

Credit +: Sundry purchases CJ

Question 5

Equipment

Answer 5

Debit +: bank CRJ, Creditors control CJ

Credit -: Creditors controle CAJ

Question 6

Bank

Answer 6

Debit +: Total receipts CRJ

Credit -: Total payments CPJ