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Thread: Debtors Ledger and General Ledger

  1. #1
    Full Member Simimano's Avatar
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    Exclamation 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!

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    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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