2022/08/02

ACCOUNTING 1B
ACBP5122 LU2
By B Arentsen

Sources:
• TEXTBOOK:J Maritz, 2022. Accounting 1BTextbook 2022
edition, 10th edition, 1st impression. Cape Town: EDGE
Learning Media.
• IIE ACCOUNTING 1B LEARN GUIDE 2022 (First Edition:
2021)

Debtors Outcomes Covered MO1,2 &3.:

(accounts
Objectives:
receivable) • Record financial transactions in a
and Debtors Ledger and a Creditors Ledger;

Creditors - refer LU7 ACBP5121

• Make the necessary adjustments and
(accounts corrections in the accounting records
payable) concerning Debtors and Creditors in
particular;
pg... 27-58 • Prepare a Debtors control account and a
Creditors control account;
• Prepare a debtors and a creditors’
reconciliation.
Control accounts Creditors Ledger
to ledgers to Creditors
Statement

1
 2022/08/02

REVISE LU7 FROM ACBP5121 BY GOING

THROUGH DETAILED EXAMPLE 2.1 PAGE
29-36

WATCH THE RECORDINGS FROM LU7

ACBP5121 UPLOADED ON ACBP5122 VC
LEARN REFER: MORE RESOURCES ….CASE
STUDIES AND ACTIVITIES AND Revision from
RESOURCES USED IN COLLAB SESSIONS.
Semester 1 : LU7 and
YOU MUST ALSO KNOW HOW THE
GENERAL JOURNAL ENTRIES RELATING LU4 and LU5
TO CREDITORS AND DEBTORS JOURNALS-
REFER ACBP5121

COMPLETE QUESTIONS 2.1, Q2.2 +Q2.3+

Q2.4+ Q2.5 IN ACCOUNTING1B TEXTBOOK.
–COMPLETE BEFORE NEXT LESSON.

CONTROL ACCOUNTS VS
SUBSIDIARY LEDGERS- refer
ACBP5121 Lu7
• Accounts in the General Ledger

• Show the Total that all debtors owe/Creditors

Control accounts are owed.

= • Total of control account columns in journal

posted to Control accounts in General ledger

• Summary of all the entries in the debtors ledger

and creditors ledger

• Individual Debtor/Creditor accounts

Debtors/Creditors • How much each the individual debtor/creditors’
owe
Ledger (Subsidiary • Entries posted in date order from the Journals.
Ledgers) = • A balance is calculated after each entry
• Know the source documents for each
transaction.

2
 2022/08/02

REVISION FROM SEMESTER 1 :Debtors

1. Debtors are customers that have purchased from the business on CREDIT and
current assets.
2. All transactions with Debtors are recorded from source documents in the
relevant journals and then posted to the Debtors’ individual accounts in the
Debtors Ledger (LU7 -S1) as well as to the Debtors Control account in the
general ledger.
3. Journals:
1. Debtors Journal (DJ)= Credit sales
2. Debtors Allowance Journal (DAJ)= Sales returns (credit sales)
3. Cashbook receipts Journal (CBR) =payments received from Debtors
4. General Journal (GJ): Other transactions with debtors:
1. Debit Debtors Control: Interest on overdue accounts
2. Credit Debtors Control: Credit losses; Settlement discount granted.
4. Control account: Summary of the Debtors Ledger =current asset= shows the
balance owed by ALL Debtors.
5. Debtors Control account balance is shown as a debit on the trial balance at
period end.

Debtors Control vs. Debtors Ledger

DR Debtors Control (general ledger) CR

Date Details Fol Amount Date Details Fol Amount

2021 1 Balance b/d xxxx 2021 30 Bank CBR4 xxxx

April 17 Petty cash PCJ4 xxx April
Sales & Vat
GJ4 xxxx
(Discount)
30 Sales & VAT DJ4 xxxx
Sales Return & xxxx
30 Interest on VAT DAJ4
overdue account GJ4 xx
Balance c/d xxxx

xxxx
xxxx
2021 xxxx
May 1 Balance b/d

Used for credit sales and then the payment by

debtors. Other transactions are discounts given,
returns of goods by debtors etc.

3
 2022/08/02

Sale of inventory on CREDIT

Debtors Ledger
Debtor A
DR

Date Code Document No. Fol. Debit Credit Balance

1 Aug 2021 Balance brought forward 24 348.73

2 Aug 2021 1 Invoice INV47 DJ8 4 560.00 28 908.73

5 Aug 2021 4 Receipt RC423 CBR8 26 056.08 2 852.65

Debtor B

Date Code Document No. Fol. Debit Credit Balance

1 Aug 2021 Balance brought forward 25 000

10 Aug 4 Receipt RC425 CBR8 15 000 10 000

2021`

Note Debtors Control balance would be:

R10 000+R2 852.65=R12 852.65

The cashbook receipts

Cashbook receipts of ……………………… for the month of ………… CBR…

Main Amount Sundry Accounts Cost of

column received (full
amount, no sales
VAT
deducted)

Do D Details Fol. Analysis of Bank Out Debtors Sales Amt F Details

c ay receipts put control ol
No VAT .

DR
BK Dr COS, Cr
Cr General ledger inventory
accounts

4
 2022/08/02

The Debtors and Debtors allowance

journals
Debtors journal of ……………………… for the month of …………
DJ..…

Doc Day Details Fol. Debtors Output Sales Cost of

No Control Vat sales
(Perpetu
al)

DR
Debtor TOTAL DR
name Debtors CR General CR
Duplicate
credit Control ledger trading
invoice # accounts stock
Dr Individual debtors
And Vice versa for the
accounts in Debtors
Allowance journal
ledger

REVISION FROM SEMESTER 1 :Creditors

1. Creditors are suppliers from whom the business purchases anything on

CREDIT.
2. All transactions with Creditors are recorded from source documents in the
relevant journals and then posted to the Creditors’ individual accounts in the
Creditors Ledger (LU7 S1) as well as to the Creditors Control account in the
general ledger
3. Journals:
1. Creditors Journal (DJ)= Credit purchases
2. Creditors Allowance Journal (DAJ)= Purchases returns- periodic/ ; trading
inventory (Perpetual inventory)
3. Cashbook payment Journal (CBP) =payments to Creditors
4. General Journal (GJ): Other transactions with Creditors:
1. Credit Creditors Control: Interest on overdue accounts
2. Debit Creditors Control: Settlement discount received
4. Control account: Summary of the Creditors Ledger =current liability= shows the
balance owed to ALL Creditors.
5. At period end, the Creditors Control account balance is shown in the credit
column on the trial balance.

10

5
 2022/08/02

Creditors Control vs. Creditors

Ledger
Creditors Control (general ledger)
CR
Date Details Fol Amount Date Details Fol Amount
2021 17 Petty cash PCJ2 xxx 2021 3 Balance b/d xxx
April April 0 Purchases
30 Bank CPB1 xxx & VAT* CJ1 xxx

30 Sundry returns+vat CAJ1 xxx Interest

30 Purchases +vat* GJ xxx paid GJ xxx
30 Balance c/d Xxx

xxx Xxx

May 1 Balance b/d xxxx

Used for credit purchases and then the payment

*= periodic stock system to creditors. Other transactions are discounts
received, returns of goods to creditors etc.

11

The cashbook payments

Cashbook payments of ……………………… for the month of ………… CBP…

Sundry accounts

Doc Day Name of Fol. Bank Input Creditors Trading Amt Fo Details
No Payee VAT control stock/ l.
inventor
y

CR Dr General ledger
BK accounts

i.e.... the other side of the

bank entry

12

6
 2022/08/02

The Creditors and Creditors

allowance journals
Creditors journal of ……………………… for the month of …………
CJ..…

Doc No Day Details Fol. Creditors Input Vat Trading

Control inventory

Creditor TOTAL CR
name Creditors DR General
Original Control ledger
credit accounts
invoice #
Cr Individual Creditors
And Vice versa for the
accounts in Creditors
Allowance journal
ledger

13

CREDIT Creditors Ledger- from ACBP5121

TRANSACTIONS

Creditor A

Date Code Document No. Fol. Debit Credit Balance

1 Aug 2021 Balance brought forward 10 000

2 Aug 2021 1 Credit Invoice INV41 CJ8 12 500 22 500

5 Aug 2021 4 EFTCS 89 CPR8 17 000 5 500

Creditor B

Date Code Document No. Fol. Debit Credit Balance

1 Aug 2021 Balance brought forward 5 000

10 Aug 4 EFTCS 90 CPR8 3 000 2 000

2021`

Note Creditors Control balance would be:

R5 500+R2000=R7 500

14

7
 2022/08/02

SET- OFF of accounts: Q2.10 pg.

58/ 266
A business may have a debtor account but may also owe that debtor, for
example:
Red Chilli Co (the debtor) owes Green Pepper Co (the business) R50 000
but Green Pepper Co also owes Red Chilli Co R35 000. The net effect of
this is that Red Chilli Co only owes R50 000- R35 000= R15 000.

Green Pepper Co can* then set off the debtors account against the amount
that is owed by the business reflected in the creditors' ledger, or vice versa.
In this example, the Creditors Ledger balance of R35 000 will be transferred
to the Debtors Ledger in the books of Green Pepper Co.

Dr Creditors Control (Red Chilli Co) R35 000

Cr Debtors Control (Red Chilli Co) R35 000
* IAS32: The entity must have a legal right to
offset the balances.- refer page 269 of the
textbook.

15

RECONCILIATIONS
1. Control accounts vs Lists
2. Individual accounts vs 3rd party statements

16

8
 2022/08/02

LU2
Reconciliations-
Control accounts
Part 1
vs month-end
balance of lists

17

Debtors and creditors LU7

Acbp5121
Total of debtors individual
balances = total of debtors
ledger as on the Debtors
Listing
⁼ Balance of Debtors Control
account

Total of creditors individual

⁼
balances = total of creditors Balance of Creditors
ledger as per the Creditors Control account
Listing

18

9
 2022/08/02

1.WHAT HAPPENS WHEN THE BALANCE PER THE

DEBTORS/CREDITORS CONTROL ACCOUNT DOES
NOT AGREE TO THE TOTAL OF
DEBTORS/CREDITORS LIST ?

1. We need to Investigate and

determine why
2. We then make adjustments where
necessary to
• Control Account, or
• Debtors/Creditors Ledger (lists), or
• Both the control account and the ledger

19

Main reasons for

Differences
 Entries incorrectly posted from the journals to the control account
e.g. Totals posted to the incorrect side of the control account or at
the wrong amount.

• Entries incorrectly posted to the debtors/ creditors ledgers i.e...

duplicated or at the incorrect amount.

• Entries not posted from the journals to the control account

• Entries not posted to the individual creditors / debtors ledger.

• Debtors/creditors control columns in the journals (e.g. cashbook)
added up incorrectly and the incorrect total therefore posted to the
control account.
• Transactions entered into the incorrect journal and posted as such.

20

10
 2022/08/02

Reconciliation per Q2.6

Debtors Control a/c Debtors List Creditors Control a/c Creditors list

No. Debit Credit Debit Credit Debit Credit Debit Credit

Balance Xxx Total Xxx Balance: Xxx Total: xxx

Plus X (Dr) Plus X (Dr) Plus X (Cr) Plus X (Cr)

Less (x) (Cr) Less (x) (Cr) Less (x) (Dr) Less (x) (Dr)

A A B B

21

Reconciling differences
Reasons for differences and action to be taken:
TYPE OF DIFFERENCE EXAMPLE ACTION

Entries incorrectly The total of the Debtors Reverse the entry (Cr
control account column in Debtors Control) and do the
posted from the the Debtors Allowance entry correctly (Cr Debtors
journals to the Journal (R12 000) was Control)- amount will be
control account e.g. posted to the debit of the doubled.
Debtors Control account. CR Debtors Control
Totals posted to the (should have been to the Credit 2xR12000 =R24 000
incorrect side of the as returns of goods by
customer)
control account or
The total of the Creditors Adjust the Creditors Control
at the wrong Control column in the Cash account with the difference
amount. payment journals was between the two amounts-
posted as R5 610.00 instead here Cr Creditors Control
of R5 160.00 R450 (Need to credit the
(i.e.. R450 understatement, control account as payment
debited Creditors Control with amount was posted at a higher
R450 too much) than it should have been)

22

11
 2022/08/02

Reconciling differences
Reasons for differences and action to be taken:
TYPE OF DIFFERENCE EXAMPLE ACTION

Entries incorrectly A creditors payment in the Adjust only the Creditors

posted to the cashbook was incorrectly account in the Creditors
recorded in the creditors ledger by the difference-
debtors/ creditors account at R2 145.00 here
ledgers i.e... instead of R2 415.00. Dr Creditors individual acc
duplicated or at the (Creditors Account (ledger) (list) with R270.
incorrect amount. balance is too high by R270)

The receipt (R500) from Adjust only the Debtors

Debtor Y was posted twice account in the Debtors
to the Debtors ledger ledger by reversing the
account in error. receipt (Dr Debtor
(Debtors Account (ledger) Account- R500)
balance is too low by R500)

23

Reconciling differences
Reasons for differences and action to be taken:
TYPE OF DIFFERENCE EXAMPLE ACTION

Entries posted The receipt from Debtor W Adjust only the debtors
correctly in the was not posted to his account in the debtors
account in the Debtors ledger (Cr Debtor)
Control accounts ledger.
but not posted to
the Individual
= ENTRY IN LEDGER/
Debtors/Creditors
Listing ONLY
accounts in the
Ledgers.

24

12
 2022/08/02

Reconciling differences
Reasons for differences and action to be taken:
TYPE OF DIFFERENCE EXAMPLE ACTION

Entries posted A general journal entry Adjust only the Debtors

correctly in the writing off the balance of Control account (Cr
Debtor B’s account of R20 Debtor Control (Debtor B:
Individual 000 was not posted to the R20 000)
Debtors/Creditors Debtor’s Control account.
accounts in the It was correctly posted to
Ledgers but not his account in the Debtor’s = ENTRY IN CONTROL
posted to the Ledger. ACCOUNTS
Control Accounts

25

Reconciling differences
Reasons for differences and action to be taken:
TYPE OF DIFFERENCE EXAMPLE ACTION

Debtors/creditors The debtors’ control Credit Debtors Control

control columns in account column in the only with R50
cash receipts journal was
the journals (e.g. undercast by R50 and = ENTRY IN CONTROL
cashbook) added up posted as such ACCOUNTS- only the
incorrectly and the . difference = ONE SIDED
incorrect total ENTRY
therefore posted to
the control account.

26

13
 2022/08/02

Reconciling differences
Reasons for differences and action to be taken:
TYPE OF DIFFERENCE EXAMPLE ACTION

Transactions A duplicate credit invoice Reverse incorrect entry

entered into the of R4 000 was erroneously and then do correct entry:
entered into the Creditors
incorrect journal journal instead of the Reverse:
and posted as such. Debtors journal and Dr Creditors Control
posted as such. R4000
(Impacts both the Cr Trading
Creditors and Debtors inv/purchases)+vat
Control accounts and R4000
Ledgers. A duplicate credit Dr Creditors Ledger/listing
invoice relates to Debtors R4000
and should increase the
debtors balance. Here the Correction:
Creditors Control+Ledger Dr Debtors Control: R4000
were credited because it Cr Sales +Vat R4000
was in the incorrect Dr Debtors
journal) Account/Ledger: R4000
27

LU2
Reconciliations-
Individual
Part 2
account balances
vs 3rd Party
statements
received (Not in
textbook)
Refer VC Learn to
download the rest of the
LU2 notes… More
resources… Lecturer
Slides.

28

14
 2022/08/02

RECONCILIATIONS:
Between the Individual accounts
and 3rd party statements (not in the
textbook)
DEBTORS
CREDITORS
Debtors Creditors List
List/individual /individual accounts
accounts Do the
balances
agree? Creditors
Debtors Statement
Statement If not-
investigate

29

Creditors Why may Creditors' ledger

accounts and statements
This involves reconciling the
differ?
balance per the Creditor’s
individual account to the
• Omissions: for example :The
statement sent by the Creditor business may not yet have recorded
an invoice yet as they may not have
Remember the statement sent by
the Creditor will be the Creditor’s
received the stock items yet.
record of the transactions, • Errors: by either the business or the
therefore the transactions will Creditor e.g. invoice not recorded
show on the opposite site to what • Timing differences: for example :
it is shown in the business’s
accounts, i.e.. credit in the The creditors may not have recorded
business’s books will be a debit on a payment made by EFT yet.
the Creditor’s statement- • Disputes: Creditor may not agree
remember the business is a debtor with the amount of stock/goods
in the Creditor’s Books. returned, disputing the credit note
value.

30

15
 2022/08/02

Steps for reconciling Creditors' individual account with the

statement received from the Creditor (think of the LU1 bank recon)
Steps Procedure
1 Compare the Creditor’s individual ledger account with the Creditors statement
and note any differences.
1.1 Mark off on both accounts all amounts that are the same.
1.2 Note the differences (Circle/highlight- as for bank reconciliation)
2 Determine the reason for the differences. Decide how the difference should be
treated- must the Creditors ledger be adjusted (corrected) or must the difference
be recorded on the Creditors reconciliation statement (refer steps 3+4 below)
3 Errors and omissions by the business:
Correct these erros/omissions in the Creditor’s ledger account by journalizing
and posting the entries
4 Prepare the Creditors Reconciliation in the required format: -refer next slide
• Begin with the Creditors Statement balance
• Record errors/omissions made by the Creditors
• Record the timing differences
• Disputes- if the business and creditor can not agree on a dispute, this will have
to be recorded on the reconciliation until the dispute is resolved.
5 Ensure the ending balance in the Creditors reconciliation statement is the same
as the balance in the Creditors Ledger

31

The Creditor reconciliation statement!!

Creditor reconciliation statement of (NAME OF CREDITOR)
_____________________
as at ____________________________

Details Amount

Balance per Creditors statement at XXX

Less outstanding payments

EFTCS No (xx)

Add/Less Disputed amounts

Invoice xxx- goods not received ( )

Add/Less Errors by creditor

32
Balance per Creditors ledger account xxx

32

16
 2022/08/02

RECONCILIATIONS -
CREDITORS LEDGER OF CANDI TRADERS
example
CREDITOR: REAL FOODS CC
Date Details F Dr (-) Cr (+) Bal
Sept 1 Balance b/d 10 200
2022

7 Invoice INV89 CJ 13 200 23 200

10 EFTCS #56 CBP 10 100 13 300
10 Journal voucher GJ 100 13 200
18 Credit note no18 CAJ 500 13 700
25 Invoice #63 CJ 8 700 21 900
28 EFTCS #59 CBP 11 430 10 970

33

RECONCILIATIONS -
STATEMENT FROM REAL FOODS CC example
ACCOUNT: CANDI TRADERS
September 2022
Date Details Dr (+) Cr (-) Bal
Sept 1 Balance
2022 10 200
7 Invoice no.89 13 200 9 300
10 Receipt no.88 10 100 13 300
Discount allowed 100 13 200
18 Credit note no.20 1 500 11 700
25 Invoice no.63 8 700 20 400
28 Invoice no.64 1 250 21 650

REAL FOODS CC’s statements shows that we owe them R21 650 but our
Creditors Ledger shows that we owe them R10 470
Why is there a difference? Investigate and determine the reasons

34

17
 2022/08/02

RECONCILIATIONS -
example
Additional information:
1. Real Foods CC has recorded the Credit note 18 at the incorrect
amount of R1 500. It should be R500.
2. Invoice no.64 for R1 250 on statement upon further investigation it
was found that that these goods were sold to Candy Wholesalers
and not to Candi Traders.

35

RECONCILIATIONS -
example
Correct the Creditors Ledger

CREDITORS LEDGER OF CANDI TRADERS

CREDITOR: REAL FOODS CC
Date Details F Dr (-) Cr (+) Bal
Sept 30 Balance before b/d
10 970
adjustments
30 Correction of CN18 (R500
1 000 9 970
x2)

36

18
 2022/08/02

The Creditor reconciliation statement!!

Creditor reconciliation statement of REAL FOODS CC
as at 30 September 2022

Details Amount

Balance per Creditors statement at 30/9/2022 21 650

Less outstanding payments

EFTCS No 59 (11 430)

Add/Less Errors by creditor

Credit Note 18 recorded at incorrect amount
(R1500-500) 1 000
Invoice no 64 for incorrect account (1 250)
Balance per Creditors ledger account 9 970

37

37

This involves reconciling the balance per the

Debtor’s individual account to the remittance
advice/ statement sent by the Debtor
Think back to Bank reconciliations- it is the
same principle. Remember the
statement/remittance advice sent by the
Debtors Debtor will be the Debtors record of the
transactions, therefore the transactions will
Reconciliations show on the opposite site to what it is shown in
the business’s accounts, i.e.. debit in the
business’s books will be a credit on the Debtor’s
statement.
Why may Debtors' ledger accounts and statements differ?
• Omissions: for example the Debtor may not know of an interest charge
until they receive the statement- they would not have recorded it yet.
The business may not yet have recorded the direct deposit made by the
Debtor (think back to LU1)
• Errors: by either the business or the debtor e.g. invoice not recorded
• Timing differences: for example : The debtor may not have received the
goods yet and therefore not show an invoice amount.
• Disputes: Debtor may not agree with invoice total and therefore may
have not recorded it yet.

38

19
 2022/08/02

Steps for reconciling debtor’s individual account with the

statement received from the debtor
Steps Procedure
1 Compare the Debtor’s individual ledger account with the Debtors statement and
note any differences.
2 Determine the reason for the differences. Decide how the difference should be
treated- must the debtors ledger be adjusted (corrected) or must the difference
be recorded on the Debtors reconciliation statement (refer steps 3+4 below)
3 Errors and omissions by the business:
Correct these erros/omissions in the debtor’s ledger account by journalizing and
posting the entries
4 Prepare the Debtors Reconciliation in the required format: -refer next slide
• Begin with the Debtors Statement balance
• Record errors/omissions made by the Debtors
• Record the timing differences
• Disputes- if the business and creditor can not agree on a dispute, this will have
to be recorded on the reconciliation until the dispute is resolved
5 Ensure the ending balance in the Debtors reconciliation statement is the same as
the balance in the Debtors Ledger (Think back to how the bank reconciliation in
LU1 was done)

39

The Debtor reconciliation statement!!

Debtor reconciliation statement of (NAME OF Debtor)
_____________________
as at ____________________________

Details Amount

Balance per Debtor’s statement at XXX

Add outstanding invoices

Invoice # xx

Add/Less Disputed amounts

Add/Less Errors by debtor

40
Balance per Debtors ledger account xxx

40

20
 2022/08/02

Remember: Differences in
summary
• 2 choices for differences:

Adjust the Creditors ledger OR Record the difference on the

reconciliation statement
1. Errors by the business
1 Timing differences- entries
2. Entries on the creditors made by the business but not
statements not yet made yet by the creditor
in the business’s books for
2 Errors made by Creditor
example credit note not
(i.e. statement is incorrect
yet recorded- (Business
but creditor must make the
must be happy with the
correction
transactions though)
3. Disputes- where the business
and creditors cannot agree on a
transaction

41

RECONCILIATIONS- summary

DEBTORS CREDITORS
Debtors Control
account balance End of Creditors Control
month account balance
balances
Debtors must agree,
List/individual if not Creditors List
reconcile /individual accounts
accounts
Individual account
Debtors balances must Creditors
Statement agree to 3rd party Statement
statements, if not
reconcile

42

21
 2022/08/02

Example/ Questions in text book

•Question 2.1 pg.... 37 These questions must be done

for homework and for test
•Question 2.2 pg.... 39-41 revision
•Question 2.3 pg.... 42-43

•Question 2.4 pg.... 44

•Question 2.5 pg.... 47 Question numbers are
•Question 2.6 pg.... 52 different compared to 2020)
•Question 2.7 pg... 54
•Question 2.8 pg.. 57
•Question 2.9 pg. 56
•Question 2.10- pg. 58

•Revision questions at the back of the Textbook pg.. 399-404

Refer VCLEARN for activities

43

Refer VCLEARN for activities

Activity Estimated Time

on Task
2.1.1 Set-off and accounting entries :1 hour
2.2.1 Debtors Reconciliation: 1.5 hours
2.2.2 Creditors reconciliation: 1 hour
2.2.3 Debtors and Creditors Reconciliation :1 hour
Estimated total time for this learning unit’s activities 4.5 hours

44

22
 2022/08/02

Exam/Test Questions LU2

Year Exam Test
2020 Q3 (30 marks) Debtors reconciliation Q2.8 similar Debtors control and Debtors Ledger
(1 account) Q2.1+Q2.4 in textbook.
2019 Q2 Multiple choice questions (15 marks) Debtors and Creditors recon Q2.7 in
textbook (30 marks)
2018 Multiple choice questions Posting from Journals to Debtors
Control account (20 marks) (Q2.1+
Q2.3 in textbook)
2017 Prepare a correct Creditors control acc Prepare individual debtors ledger
(reconciliation) (Q2.7 in textbook) and debtors control account (20
Prepare a creditors list (Q2.7 in textbk) marks) – Q2.7+ detailed example
(35marks)
2.1 pg. 31 (Semester1’s work –Lu7)
2016 Prepare a correct Debtors control acc Creditors control acc and Creditors
(reconciliation) (Q2.9 in textbook) list (Q2.2+Q2.3) (20marks)
Prepare a debtors list (Q2.1 in textbk)
(40marks)
2015 Prepare a debtors and creditors control account- Prepare individual debtors ledger
linked with LU7- incomplete records. and debtors control account (20
marks) – Q2.1+ detailed example
2.1 pg. 31 (Semester1’s work –Lu7)
2014 Prepare a Debtors control and creditors control from
list of transactions (Q2.5 ) (40marks)

45

23