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ACCOUNTING & FINANCIAL SYSTEMS MCPC 606 LECTURERS: DR. JOHN MACCARTHY & DR. MALIK ZAKARIA 1 Lecture 4: Accounting Process II Overview: o Ledger Accounting o Control Procedure o Extraction of Trial Balance 2 Purchase Day Book and the Purchase Ledger (Practice Question ) • B. Awuni has the following credit purchases and credit sales for November: • Nov 1: Sold to M. Hammond: Shirts for Ghc60. • Sold to K. Boakye: Belt for Ghc300. • Nov 9: Bought from C. Gyato: Dressing bags for Ghc400. • Nov 16: Bought from M. Blankson: A pair of shoe for Ghc320. • Nov 18: Goods returned to suppliers by us: C. Gyato was Ghc100 • Nov 23: Sold to B. Yeboah: Belt for Ghc200. • Nov 24: K. Boakye was Ghc50. • You are required to: (a) Write up Purchase day book, Purchase return day book and ledger. (b) Post the items to the personal accounts. Solution • To be solved in the class 4 Cash book • Is used to records all payments (lodgements) to the bank and all withdrawals from the bank. • The left side(debit) is used to record all lodgements and money received [with the paying­in­slips as the source document]. • The right side(credit) records all cheque payments and direct transfers from the bank [with cheque stabs as the source document]. 5 ... - tailieumienphi.vn
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