Debtors Ledger and General Ledger

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  • Simimano
    Full Member
    • Mar 2013
    • 40

    #1

    Debtors Ledger and General Ledger

    Hey guys

    The images posted below has all the needed information regarding this question.
    I don't understand where the amounts are coming from..

    Am I marking up the amounts? Its a tad confusing..Or perhaps its just really simple and I'm looking past a simple answer to this question. It probably is, isn't it..

    Nonetheless, I need help with this. Instructions and examples are provided below:





    Thanks!
    -The time you enjoy wasting is not wasted time.
  • CLIVE-TRIANGLE
    Gold Member

    • Mar 2012
    • 886

    #2
    The reference to markups was so that you could understand the entries in the inventory account and cost of sales account.
    You only need to do the COS and then the work required for the other entries in the question.

    You have not posted the information in INSTRUCTIONS para 1 however..

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