Question

Sairah is a retailer of garden furniture. The following ledger account appeared in her books on
31 August 2019.
Wootton account
Date Details Debit Credit Balance
2019 $$$
August 1
8
10
15
15
Balance b/d
Sales 70
Sales returns 9
Bank 144
Discount 6
263 Dr
333 Dr
324 Dr
180 Dr
174 Dr
REQUIRED
(a) (i)
Name the type of ledger accounts prepared by Sairah showing a balance after each transaction.
..................................................................................................................................... [1] (ii) Name the subdivision of Sairah’s ledger in which the account of Wootton would appear.
..................................................................................................................................... [1] (iii) Name the document sent by Sairah to Wootton on 10 August.
..................................................................................................................................... [1] (iv) Name the type of discount taken by Wootton on 15 August.
..................................................................................................................................... [1] (v) Calculate the percentage discount taken by Wootton on 15 August.
...........................................................................................................................................
..................................................................................................................................... [1]
(vi) Name the document which would be sent by Sairah to Wootton on 31 August detailing the transactions for the month.
.................................................................................................................................

Answer 1

Answer:

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