Bank Reconciliation and Cash Book Adjustments

The assignment focuses on bank reconciliation and its impact on financial records. It presents several examples, including Client 4's bank reconciliation statement as at December 1st and a revised balance for December 31st. The task involves analyzing these statements, understanding the adjustments made (like unrepresented cheques, outstanding lodgments, bank errors), and ultimately reconciling the cash book with the bank statement. It also includes examples of standard order rates, error cheques, and deposit differences to demonstrate how these factors influence the final balance.

Financial Accounting

Table of Contents
INTRODUCTION......................................................................................................................3
CLIENT 1...................................................................................................................................3
a. Doing Journal Entries in the books of Alex Study’s..........................................................3
b. Preparing ledgers account..................................................................................................5
c. Showing trial balance.........................................................................................................5
CLIENT 2...................................................................................................................................7
a. Preparing statement of profit and loss for Peter Piper........................................................7
b. Drafting statement of financial position for Peter Piper....................................................8
CLIENT 3...................................................................................................................................9
a. Showing profitability statement of Raintree Ltd..............................................................10
b. Preparing and presenting balance sheet of Raintree Ltd..................................................10
c. Defining the concept of consistency and prudent............................................................11
d. Stating the purpose of depreciation and illustrating two methods associated with it......12
CLIENT 4.................................................................................................................................13
a. Defining the purpose of bank reconciliation statement....................................................13
b. Presenting the reasons due to which balance of cash and pass book differs....................13
c. Preparing bank reconciliation statement..........................................................................13
CLIENT 5.................................................................................................................................14
a. Preparing purchase and sales ledger account for Henderson Ltd.....................................14
b. Defining the term of control account...............................................................................15
CLIENT 6.................................................................................................................................15
a. Presenting suspense account along with its main features...............................................15
b. Preparing trial balance by undertaking control a/c..........................................................15
c. Rectification of errors and journal entries based on it......................................................16
d. Stating the difference takes place between the suspense and clearing account...............17

CONCUSION..........................................................................................................................17
REFERENCES.........................................................................................................................19
APPENDIX..............................................................................................................................21
Appendix 1: Ledger account................................................................................................21

INTRODUCTION
Financial accounting is concerned with the preparation of highly appropriate
statement that furnishes information about the monetary position and performance.
Accounting tools and techniques are highly significant which in turn provides high level of
assistance to the business unit in preparing as well as presenting suitable view of monetary
performance. This report is drafted by addressing the different case situation which will shed
light on the manner through which adjusted profit& loss and balance sheet can be prepared.
Besides this, it will also develop understanding about the concepts of depreciation, suspense
and control account. Further, report will also highlight the way in which errors take place in
the accounting entries can be rectified. Thus, report will clearly present how trial balance
assists in preparing final accounts in an effectual way.
CLIENT 1
a. Doing Journal Entries in the books of Alex Study’s
Journal of Alex study for the month of May 2016
Particulars Debit Credit
1. Storage expenses a/c Dr.
To bank a/c
400
400
2. Purchase a/c Dr.
To S. Hood a/c
1450
1450
2. Purchase a/c Dr.
To D. Main a/c
2060
2060
2 Purchase a/c Dr.
To W. Tone a/c
960
960
2 Purchase a/c Dr.
To R. Foot a/c
1610
1610
3. J Wilson a/c Dr.
To sales a/c
1120
1120
3. T. Cole a/c Dr.
To sales a/c
1640
1640

3. F. Syme a/c Dr.
To sales a/c
2080
2080
3. J. Allen a/c Dr.
To sales a/c
910
910
3. P. White a/c Dr.
To sales a/c
2420
2420
3. F. Lane a/c Dr.
To sales a/c
770
770
4. Motor car expenses a/c Dr.
To cash a/c
470
470
7. Drawing a/c Dr.
To cash a/c
1500
1500
9. T. Cole a/c Dr.
J. Fox a/c Dr.
To sales a/c
680
1310
11. Sales return a/c Dr.
To J. Wilson
To F. Syme a/c
680
270
410
14 Van a/c Dr.
To Abel Motors Ltd
28500
28500
16 (a). Bank a/c Dr.
Discount allowed a/c Dr.
To P Mullen
(b)
Bank a/c Dr.
Discount allowed a/c Dr.
To F. Lane
(c)
Bank a/c Dr.
Discount allowed a/c Dr.
To J. Wilson
(d)
Bank a/c Dr.
Discount allowed a/c Dr.
To F. Syme
1330
70
2945
155
807.5
42.5
1586.5
83.5
1400
3100
850
1670
19 R. Foot a/c Dr. 50

To purchase return a/c 50
22 Purchase a/c Dr.
To L. Mole a/c
To W. Wright a/c
3740
1830
1910
24 a.
S. wood a/c Dr.
To Bank a/c
To Discount receive a/c
b.
J. Brown a/c Dr.
To Bank a/c
To Discount receive a/c
c.
R. Foot a/c Dr.
To Bank a/c
To Discount receive a/c
3600
4600
1400
3240
360
4140
460
140
1260
27 Salaries a/c Dr.
To bank a/c
4800
4800
30 Business rates a/c Dr
To bank a/c
1320
1320
31 Abel motors Ltd. a/c Dr.
To bank a/c
20500
20500
b. Preparing ledgers account
Ledger accounts present the summary of accounting transactions pertaining to the
specified time frame. By doing posting of accounting records or transactions business entity
can prepare ledger accounts and thereby would become able to draft trial balance.
Ledgers are enclosed in Appendix.
c. Showing trial balance
Trial balance: It may be served as a summary statement of ledgers account which has
two sides such as debit and credit. Trial balance is highly effectual which provides high level
of assistance in preparing further financial statements. It is highly significant which in turn
helps in identifying the errors that take place in the journal entries. Debit side of trail balance

furnishes information regarding the assets, expenses incurred. In contrast to this, credit side
provides information about the revenue generated and liabilities. Thus, trial balance gives
input and thereby helps in preparing income and cash flow statement as well as balance sheet.
Thus, trial balance summarizes and presents information in a highly structured format.

CLIENT 2
On the basis of cited case situation, Peter Piper is sole trader which in turn lays high
level of emphasis on preparing income statement. Moreover, doing assessment of return over
the expenses is one of the main objectives of sole trader. In the sole proprietor firm, business
entity is highly concerned towards the sales revenue and profit margin generated in against to
the expenses. Along with this, sole trader also prepares balance sheet with the motive to get
information regarding the liabilities and assets (Kwinto and Voss, 2016). Both such
statements are highly significant which in turn provides assistance to the sole trader namely
Peter Piper in making evaluation of financial health and performance (Iatridis, 2016). This in
turn assists sole trader in developing highly effectual and competent financial framework for
the upcoming time period.
a. Preparing statement of profit and loss for Peter Piper
Income statement of Peter Piper for the year ended at 31st December 2016
Particulars Gross figure Net figure Amount (in £)
Sales revenue 1215000
Ending inventory 101640
1316640
Less
Opening inventory 82200
Purchase cost 778800
Wages and salaries 177500
Add: Outstanding salaries and
wages 1220 178720
1039720
Gross profit (GP) 276920
Less: Indirect expenditure

Motor expenditure 87400
Administration expenditure 17650
Heating and lighting expenses 4950
Advertising expenditure 13280
Less: prepaid expenditure 8470 4810
Depreciation on premises 5400
Depreciation on equipment 17250
Depreciation on motor vehicle 2800
Total indirect expenditure 140260
Net profit (NP) 136660
b. Drafting statement of financial position for Peter Piper
Balance sheet for the year of 2016
Particulars Amount (in £)
Current assets
Closing stock 101640
Prepaid advertising 8470
Bills receivables 106960
cash in hand 2440
Total current assets 219510
Fixed assets

Freehold premises 270000
Less: depreciation on
premises: 42900 227100
Equipment 172500
Less: Depreciation on
equipment 114750 57750
Motor Vehicles 28000
Less: Depreciation on motor
vehicles 16800 11200
Total fixed assets 296050
Total assets 515560
Liabilities
Current liabilities
Bills payables 76910
Outstanding salaries 1220
Bank overdraft 11290
Total current liabilities 89420
Capital 332120
Add: net profit 136660
Less: Drawing 42640 426140
Total liabilities 515560

CLIENT 3
a. Showing profitability statement of Raintree Ltd
Profitability statement of Raintree Ltd. 2016
Particulars Amount (in £)
Sales revenue 107000
Less: return inward 2000 105000
Closing inventory 18000
123000
Opening stock 17000
Purchases 32000
49000
Gross profit (GP) 74000
Depreciation on building 1000
Depreciation on plant and machinery 10000
Administration cost 28000
Distribution cost 22000
Less: Prepaid rent 3000
Add: Outstanding salaries 2000 21000
Corporation tax 4000
64000
Net profit (NP) 10000
b. Preparing and presenting balance sheet of Raintree Ltd
Balance sheet of Raintree Ltd for the year ended at 30th September 2016 is as follows:
Particulars Amount (in £)
Current assets
Trade receivables 24000
Prepaid rent 3000
Closing inventory 18000
45000
Fixed assets
Land and building 60000
Less: Depreciation on building 8000 52000
Plant and machinery 65000
Less: Depreciation @ 20% 25000 40000

92000
Total assets 137000
Liabilities
Current liabilities
Trade payables 14000
Outstanding salaries 2000
bank overdraft 15000
Corporation tax 4000
Total current liabilities 35000
Shareholders’ equity 50000
share premium 20000
Retained earnings 22000
Net profit 10000
Total shareholders’ equity 102000
Total liabilities 137000
c. Defining the concept of consistency and prudent
Consistency concept
This concept of accounting lays emphasis on the aspect that principles and rules that
are undertaken by the firm must be followed in the near future. Hence, it entails that in each
year and under similar situation business entity is required to employ as well as implement
the same method. In this way, by following the specific rules and regulations business unit
can ensure consistency in the accounts to a great extent. Concept or principle of consistency
is highly significant which in turn provides assistance in making comparison of final accounts
of one firm with another in an effectual way. Thus, it also enables investors to make
comparison of the final accounts of one year with another and thereby identifies the growth
level. In this way, by making evaluation of profitability, liquidity and solvency aspect
investors and management team of Raintree td can take suitable decision. This aspect shows
that consistency concept enables management to make assessment of growth or deviations by
comparing current performance with standard figures. Thus, it helps management to get
deeper insight about financial performance and thereby frames highly competent framework
for improvement (Consistency concept, 2017). By considering this, it can be stated that
concept of consistency provides high level of assistance to higher management team,
investors and other stakeholders in decision making. However, business unit can also

undertake new accounting concepts with the motive to make financial reports highly
effectual. In this situation, accounting personnel of the firm is required to mention the need of
new accounting rules and its impact on firm’s growth.
Prudent concept
In accordance with prudence concept, company should not overestimate the amount
of revenue assessed. Besides this, business entity also needs to avoid the underestimation of
expenses. The same aspect is applied in the case of liabilities and assets which in turn help in
presenting the fair view of financial information (Prudent concept, 2017). On the basis of this
aspect, business entity should record the amount of revenue and assets when it is certain or
specified. Furthers, business organization should record the expenses when it is probable.
Hence, without having certainty in relation to the revenue business entity should record the
related amount. Thus, it can be stated that business entity should not record the higher value
of assets as compared to the one which can be recovered through the means of sale. Along
with this, accounting personnel should not record the amount of liabilities lower in
comparison to the money which needs to be paid in the near future. Hence, by following all
such aspects it can be stated that prudent concept helps in presenting the fair and appropriate
view of financial information.
d. Stating the purpose of depreciation and illustrating two methods associated with it
In accounting, depreciation maybe defined as a provision which lays emphasis on the
allocation tangible assets cost over its useful life. From assessment, it has been identified that
after a specified time period, assets of the firm have no use. In addition to this, according to
the matching principle depreciation is considered as an expense and shown in the debit side
of income statement. The main purpose of charging depreciation is to present expenses which
are charged in against to the revenue generated from that asset. Besides this, depreciation is
the tool which presents the suitable value of assets. Moreover, due to the usage level value of
assets decrease over the time frame (Depreciation methods, 2017). In this, depreciation
enables firm to present fair view of assets value to the significant level. Specifically, there are
two methods which are used by the large number of business units include Raintree Ltd is as
follows:

 Straight line method: In this, similar depreciation is charged by the business unit on
assets over the life of assets. Under straight line method, accounting personnel
subtract specific value each year and such process carries out over the useful life. By
using the below mentioned formula accounting personnel can determines the value of
depreciation is as follows:
Depreciation: Cost – scrap value / life of assets
 Reducing balance or diminishing method: In such method, depreciation is charged
by the business entity on the balance of assets value. Name of method clearly entails
that depreciation value is charged and decreased from the balance amount.
 Effectiveness: From evaluation, it has been found that diminishing or reducing
balance method is highly effective as compared to straight line. Moreover, under
diminishing method, assets have some specific value rather than zero (Ersdal and
et.al., 2016). On the other side, in the case of straight line method value of assets
become NIL after the specific time period. However, in the real life, each asset has
some scrap value at which it can be sold. It shows that by taking into account
diminishing method firm can assess the fair value of assets.
CLIENT 4
a. Defining the purpose of bank reconciliation statement
The main purpose of the business entity behind the preparation of BRS is to assess
whether they have sufficient amount in their bank account or not. Hence, by making
evaluation of BRS firm get information about its bank position or aspect (Hang and et.al.,
2016). Moreover, due to some reasons or aspects such as charges, customer’s direct payment
etc. closely impacts the bank balance. Thus, bank reconciliation statement helps in
identifying the deficiencies which take place in pass book as compared to cash statement.
b. Presenting the reasons due to which balance of cash and pass book differs
From assessment, it has been identified that balance of cash and pas book varies due
to several aspects. Moreover, bank directly credits interest amount on specific date. Such
amount is recorded by the bank but sometimes business entity fails to make entry for the
same due to the unaware from this. Along with this, in against to offering credit and debit
card facility banking institution charges some cost. In addition to this, cheque dishonor, cash

withdrawal, received payment of debtors etc. are the main aspects on the basis of which
balance of cash and pass book differs.
c. Preparing bank reconciliation statement
Enclosed in appendix.
CLIENT 5
a. Preparing purchase and sales ledger account for Henderson Ltd
Purchase Ledgers a/c of Henderson Ltd
Dat
e Particula
rs
Amou
nt (in
£)
Dat
e
Particula
rs
Amou
nt (in
£)
1st
may
201
6
By
balance
b/d 9160
To
creditors
a/c 116500
By bank
a/c
(refund
from
suppliers) 400
To
discount
received
a/c 290
31st
Ma
y
201
6
By
balance
c/d 108760
To return
outward
a/c 1110
To contra
set off 330
118230 118230

Sales Ledgers a/c of Henderson Ltd
Date Particulars
Amount (in
£)
Dat
e Particulars
Amount (in
£)
1st May 2016
To balance
b/d 12600
31st May
2016
To Balance
c/d 147900 By debtors a/c 152350
By bad debts a/c 120
By Discount allowed
a/c 380
By return inward a/c 7320
By contra set off 330
160500 160500
b. Defining the term of control account
CLIENT 6
a. Presenting suspense account along with its main features
Suspense account: In accounting, suspense account is the one in which amount of the
specific transaction is recorded on temporary basis. Such account is prepared and used by an
entity when it is not possible for them to assess the base of transaction. When accounting
personnel identify the specific account related to such transaction then it will move in the
same (Gheorghe, 2017). Hence, to record unclassified debit and credit amount suspense
account is prepared by the business entity. Most of the suspense accounts are cleared out by
business organization through the means of internal accounting practices.
Suspense account and error correction both the aspects are highly associated with
each other. Thus, by taking into account such aspect it can be stated that suspense account is
highly used by the personnel to rectify the accounting entries or record. Hence, suspense
account is highly significant which in turn helps in matching the gap takes place in the trial
balance to a great extent (Schipper, Francis and Weil, 2017). Thus, for the unidentified
transaction suspense account is used by the personnel. Thus, with the help of suspense
account business entity can match the figures of both debit and credit side. This in turn
enables accounting personnel to prepare further financial statements in an effectual way.
b. Preparing trial balance by undertaking control a/c

Control account may be defined as a summary statement which is the part of general
ledger accounts. It includes the total of transactions that are stored in the individual
subsidiary ledger account. Such account is generally used by the accounting personnel to
summarize accounts receivable and payable (Granof, Khumawala and Smith, 2016). Control
accounts are generally used by the firm where large amount of transaction. Further, it has
been identified that typical level of activities takes place in the control account on daily basis.
Thus, control accounts are only suitable for the large sized business whose volume is high.
On the other side, business unit whose operations are small does not have requirement to
prepare subsidiary ledger account. Moreover, by preparing ledger account firm can maintain
the proper record of transaction.
Particulars Debit Credit
Purchase 700
Sales revenue 1100
Rent paid 250
cash in bank 840
Travel expenditure 160
Bills Receivables 320
Bills Payables 350
Capital 710
Trade payables (B/F) 330
Total 2490 2490
c. Rectification of errors and journal entries based on it
S. No. Particulars Debit (in £) Credit (in £)
1 Wrong entry
Smith a/c Dr.
To Sales a/c
Right entry
Simon a/c Dr.
To Sales a/c
Rectified entry
Simon a/c Dr.
To Smith a/c
220
220
220
220
220
220
S. No. Particulars Debit (in £) Credit (in £)

2 Jones a/c Dr
To Suspense a/c
420
420
S. No. Particulars Debit (in £) Credit (in £)
3 Whites personal a/c Dr.
To suspense a/c
750
750
d. Stating the difference takes place between the suspense and clearing account
From assessment, it has been identified that both clearing and control accounts vary
from each other. Moreover, in suspense account to meet the deviated figure accounting
personnel prepare suspense account. On the other side, in the clearing account business entity
or finance personnel make efforts to identify the account. In this way, it place emphasis on
the aspect of later posting (Vanauken, Ascigil and Carraher, 2016). In the case of clearing
account, errors are evaluated through the mean of assessment of business transactions. On the
contrary to this, suspense account is used to find and fulfill the gap of accounting errors.
CONCUSION
From the above report, it has been concluded that double entry system of book
keeping is highly significant which in turn helps in recording the transactions fairly. Besides
this, it can be inferred that journal helps in preparing suitable ledger account and trial
balance. It can be seen in the report that financial statements which are prepared by sole
traders and private limited firm is highly similar. However, specific accounting rules and
regulations are followed by accounting personnel to prepare appropriate statement. It can be
revealed from the report that diminishing method of depreciation is highly effectual over
other method. Beside this, it can be inferred that suspense account assists in matching the
total of both debit and credit side. It can be summarized from the report that both clearing and
suspense account differs significantly.

REFERENCES
Books and Journals
Ersdal, A. M. and et.al., 2016. Model predictive load–frequency control taking into account
imbalance uncertainty. Control Engineering Practice. 53. pp.139-150.
Gheorghe, H., 2017. Preliminary Accounting Works For The Establishment Of Financial
Statements. Annals-Economy Series. 1. pp.158-165.
Granof, M. H., Khumawala, S. B. and Smith, D. L., 2016. Government and Not-for-Profit
Accounting, Binder Ready Version: Concepts and Practices. John Wiley & Sons.
Hang, D. and et.al., 2016. Is Vehicle Depreciation a Component of Marginal Travel Cost?: A
Literature Review and Empirical Analysis. Journal of Transport Economics and Policy
(JTEP). 50(2). pp.132-150.
Iatridis, G. E., 2016. Financial reporting language in financial statements: Does pessimism
restrict the potential for managerial opportunism?. International Review of Financial
Analysis. 45. pp.1-17.
Kwinto, P. P. and Voss, G., 2016. Investment Property in the Financial Statements of Capital
Groups Listed on the Warsaw Stock Exchange. EJES European Journal of Economics and
Business Studies Articles. 4.
Schipper, K., Francis, J. and Weil, R., 2017. Financial Accounting: Introduction to Concepts,
Methods and Uses. Cengage Learning.
Vanauken, H. E., Ascigil, S. and Carraher, S., 2016. Turkish SMEs’ Use of Financial
Statements for Decision Making. The Journal of Entrepreneurial Finance. 19(1). p.6.
Online
Consistency concept. 2017. Online. Available through: <
http://accountingexplained.com/financial/principles/consistency>. [Accessed on 2nd May
2017].

Depreciation methods. 2017. Online. Available through: <
http://accountinginfo.com/study/dep/depreciation-01.htm>. [Accessed on 2nd May 2017].
Prudent concept. 2017. Online. Available through: <
http://accounting-simplified.com/financial-accounting/accounting-concepts-and-
principles/prudence.html>. [Accessed on 2nd May 2017].

APPENDIX
Client 1
b.
Appendix 1: Ledger account
Sales Ledger account
Date Particulars Amount Date Particulars Amount
31/05/16
To balance
C/d 1310 03/05/16
BY J.
Wilson 1120
03/05/16 By T. Cole 1640
03/05/16 By F. Syme 2080
03/05/16 By J. Allen 910
03/05/16 By P. White 2420
03/05/16 By F. Lane 770
09/05/16 T. Cole 680
09/05/16 J. Fox 1310
1310 1310
Sales Return Ledger account
Date Particulars Amount Date Particulars Amount
11/05/17
To J.
Wilson 270 31/05/16
By Balance
c/d 680

11/05/17 To F. Syme 410
680
Ledger Journal account
Date Particulars Amount Date Particulars Amount
02/05/16 To S. Hood 1450 31/05/16
By Balance
c/d 38320
02/05/16 To D. Main 2060
02/05/16 To W. Tone 960
02/05/16 To R. Foot 1610
14/05/16
To Abel
Motors Ltd 28500
22/05/16 To L. Mole 1830
22/05/16
To W.
Wright 1910
38320
Purchase Return Ledger account
Date Particulars Amount Date Particulars Amount
31/05/16
By balance
c/d 50 19/05/16 By R. Foot 50
Receipt account
Date Particulars Amount Date Particulars Amount

16/05/16
To P.
Mullen 1330 31/05/16
To balance
C/d 7020
16/05/16
To Discount
allowed 70
16/05/16 To F. Lane 2945
16/05/16
To Discount
allowed 155
16/05/16
To J.
Wilson 807
16/05/16
To Discount
allowed 43
16/05/16 To F. Syme 1586
16/05/16
To Discount
allowed 84
7020 7020
Payment account
Date Particulars Amount Date Particulars Amount
31/05/16
To balance
C/d 30100 24/05/16 By s. Hood 3240
24/05/16
By discount
received 360
24/05/16 By J. Brown 4140
24/05/16
By discount
received 460

24/05/16 By R. Foot 1260
24/05/16
By discount
received 140
31/05/16
By Abel
motors 20500
30100 30100
Discount received account
Date Particulars Amount Date Particulars Amount
31/05/16 To S. Hood 360 31/05/16
By Balance
c/d 960
31/05/16 To J. Brown 460
31/05/16 To R. Foot 140
960
Discount allowed account
Date Particulars Amount Date Particulars Amount
31/05/16
To balance
C/d 352 31/05/16
By P.
Mullen 70
By F. Lane 155
BY J.
Wilson 43
By F. Syme 84

R. Foot account
Date Particulars Amount Date Particulars Amount
19/05/16
To purchase
return 50 02/05/16 By purchase 1610
31/05/16
To balance
C/d 1560 24/05/16
By discount
received 140
1610
Purchase
Return
Journal
account 1610
J. Wilson account
Date Particulars Amount Date Particulars Amount
03/05/16 To sales 1120 11/05/16
By sales
return 270
16/05/16 By bank 807
16/05/16
By discount
allowed 43
1120 1120
T. Cole account
Date Particulars Amount Date Particulars Amount
03/05/16 To sales 1640 S. Hood
By Balance
c/d 2320
09/05/16 To sales 680

2320 2320
F. Syme account
Date S. Hood Amount Date Particulars Amount
03/05/16
By Balance
c/d 2080 11/05/16
By sales
return 410
By bank 1586
By discount
allowed 84
2080 2080
J Allen account
Date Particulars Amount Date Particulars Amount
03/05/16 To sales 910 31/05/16
By Balance
c/d 910
P. White account
Date Particulars Amount Date Particulars Amount
03/05/16 To sales 2420 31/05/16
By Balance
c/d 2420
F. Lane account
Date Particulars Amount Date Particulars Amount
01/05/16 By balance 3100 16/05/16 By bank 2945

B/d
03/05/16 To sales 770 16/05/16
By discount
allowed 155
31/05/16
By Balance
c/d 770
3870 3870
S. Hood account
Date Particulars Amount Date Particulars Amount
24/05/16 To Bank 3240 01/05/16
By balance
B/d 2150
24/05/16
To discount
received 360 01/05/16 By purchase 1450
3600 3600
J. Brown account
Date Particulars Amount Date Particulars Amount
24/05/16 To J. Brown 4140 01/05/16
By balance
B/d 4600
24/05/16
To discount
received 460

4600 4600
J. Fox account
Date Particulars Amount Date Particulars Amount
09/05/16 To sales 1310 31/05/16
By Balance
c/d 1310
By Balance
c/d
P. Mullen account
Date Particulars Amount Date Particulars Amount
01/05/16
By balance
B/d 1400 16/05/16
By P.
Mullen 1330
16/05/16
By discount
allowed 70
1400 1400
L. Mole account
Date Particulars Amount Date Particulars Amount
31/05/16
To balance
C/d 1830 22/05/16 By purchase 1830
1830 1830
W. Wright account
Date Particulars Amount Date Particulars Amount

31/05/17
To balance
C/d 1910 22/05/16 By purchase 1910
1910 1910
D Main account
Date Particulars Amount Date Particulars Amount
31/05/16
To balance
C/d 2060 02/05/16 By purchase 2060
2060 2060
W. Tone account
Date Particulars Amount Date Particulars Amount
31/05/16
To balance
C/d 960 02/05/16 By purchase 960
960 960
Abel motors account
Date Particulars Amount Date Particulars Amount
31/05/16 To Bank 20500 14/05/16 By van 28500
31/05/16
To balance
C/d 8000
28500 28500