TAFE Assignment: Subsidiary Ledgers for Mario's Meats - September 2019

This assignment requires the student to manage the Accounts Receivable and Payable for Mario's Meats. The student must post journal entries to the Accounts Receivable and Accounts Payable control accounts, and then post all relevant transactions to the Accounts Receivable and Accounts Payable subsidiary ledgers, creating new subsidiary accounts where necessary. The next step involves preparing Accounts Receivable and Accounts Payable reconciliation schedules to ensure all entries are correct and the accounts balance. Finally, the student must answer theory questions related to the concepts of subsidiary ledgers. The assignment uses provided journals for September 2019 and requires the student to work with initial control account balances from September 1, 2019, including debtor and creditor details with their respective balances. The solution also provides the general ledger extracts, subsidiary ledgers, and reconciliation schedules. This assignment covers various financial transactions, including sales, purchases, cash receipts, and cash payments.