MODULE: LEDGER ACCOUNTS QUESTIONS FOR PRACTICE

Qn 1.The following balances was from the books of J. Chifamba on 1 June

2004:

M.Duri $500 Cr
F.Mpofu $1250 Dr
The following transactions took place during the month of June:

2004
June 2 F.Mpofu paid $1200 by cheque in full settlement of the
amount owing on 1 June 2004.
10 Bought goods on credit from M. Duri for $10000 less 20%
trade discount.
12 Sold goods to F.Mpofu for $15000.
15 M.Duri informed J.Chifamba that the trade discount on goods
supplied on 10 June should have been 25%.
25 Returned goods to M.Duri originally bought on 10 June, list
price $400.
27 Accepted an old typewriter worth $600 from F.Mpofu as part
payment of her account.
29 paid M.Duri the amount owing by cheque, less 5% cash
discount.
30 received a payment of 5o cents in dollar from F.Mpofu on
amount outstanding. The balance was written off as
irrecoverable.

You are required to prepare:

(i) M.Duri Account

(ii) F.Mpofu Account

ZIMSEC NOVEMBER 2005

Qn 2 A.Mlambo sells goods to D.Ndlovu and also buys goods from her. He
keeps an accont for D.ndlovu in the Sales ledger and another account in the
purchases Ledger.

The following information is available from Mlambo’s records:

2005
June 1 Sales ledger balances for Ndlovu $38000 Dr.
Purchases Ledger balance for Ndlovu $29000 Cr.

4 Mlambo sold goods to Ndlovu $30000 less 20% trade discount.

7 Mlambo bought goods on credit Ndlovu for $24000.

9 D.Ndlovu settled her debt of 1 June by cheque deducting a cash

discount of 5%.

15 Mlambo granted an allowance of $4000 net for defective goods sent

to her on 4 June.
23 Mlambo paid $27000 by cheque in full settlement of the amount
owing to Ndlovu on 1 June.
28 Balance of Ndlovu’s account in the Sales Ledger transferred to the
Purchases Ledger Account.
Preare the account of D.ndlovu in A.mlambo’s books.
(a) in the sales ledger
(b) in the purchases ledger
 ZIMSEC NOVEMBER 2011

ANSWER NOVEMBER 2011

HINTS

- transactions of day 1,4, 9, 15 and 28 are going to be recorded in the

Sales ledger and those for day1,7,23and 28 are going to be recorded in
the Purchases Ledger
- Identify the account to be debited and the account to be credited.
- Trade discount is not recorded in the books of accounts and therefore it
should be deducted first before the recording.
- The balance of $38000, it is the amount of money not yet paid by
D.Ndlovu to A.Mlambo for the sales of the previous month of May
therefore you should start with it as balance b/d on the debit side of the
sales ledger.
- The balance of $29000 on June1, it is the amount of money not yet paid
by A.Mlambo for the purchases of the previous month of May therefore
you should start with it as balance b/d on the credit side of the purchases
ledger.
- An allowance of defective goods sent to Ndlovu on 4 June increases the
Returns Inwards Account
Notes for the sales ledger

Date Account to be debited Account to be credited

(RECIEVER) (GIVER)
June 1 D.Ndlovu a/cc $38000 Sales a/cc $38000
June 4 D.Ndlovu a/cc $24000 Sales a/cc $24000
June 9 Bank a/cc $36100 D.Ndlovu a/cc $36100
June 9 Discount allowed a/cc $1900 D.Ndlovu a/cc $1900
June 15 Returns Inwards a/cc $4000 D.Ndlovu a/cc $4000
June 28 D.Ndlovu a/cc purchases D.Ndlovu a/cc contra set off
ledger
Workings
Trade discount =20% x 30000=6000, Therefore Sales = 30000-600=24000

Discount allowed= 5%x38000=1900, Therefore cash received in the

bank=38000-1900= 36100

The Sales ledger of A.Mlambo

D.Ndlovu a/cc

2005 2005
June 1 Balance b/ 38000 June 9 Bank 36100
4 Sales d 24000 9 Discount all 1900
15 ReturnsInwards 4000
28 Settoff:P.ledger 20000
62000 62000

Notes for the Purchases Ledger

Date Account to be debited Account to be credited

(RECIEVER) (GIVER)

2005
June 1 Purchases a/cc $29000 D.Ndlovu a/cc $29000
7 Purchases a/cc $24000 D.Ndlovu a/cc $24000
23 D.Ndlovu a/cc $27000 Bank a/cc $27000
28 D.Ndlovu a/cc contra set D.Ndlovu a/cc Sales ledger.
off:S.Ledger

Purchases ledger A.Mlambo

D.Nlovu A/cc

2005 2005
June23 Bank 27000 June 1 Balance b/ 29000
23 Discount rec 2000 7 Purchases d 24000
28 Setoff:S.Ledger 20000
30 Balance c/ 4000
d 53000 53000
July 1 Balance 4000
b/
 d

Qn 3 The following information was available in the books of B.Chikomo on 1

March 2005.

A. Mutema’s Account $15000DR.

The following transactions were made during the month of March:

2005
March 3 Sold goods to Mutema for $20000 less 20% trade discount.
9 Mutema was charged $1500 interest for late payment.
15 Mutema paid $16000 by cheque .
18 A credit note for defective goods was issued to Mutema in respect of
one quarter of the goods sold to him on 3 March.
20 Supplied goods tp Mutema valued at $30000.
22 Mutema paid $11500 cash in full settlement of the amount owing on
the goods sold to him on 3 March.
25 Mutema recived a debit note in respect of an undercharge of
$3000on the invoice of 20March.
28 Mutema paid $18000 by cheque and was allowed a discount of $800

You are required to prepare Mutema’s Account and balance it on 31 March

2005.

Qn 4 The following balances appeared in the ledger of B.Muleya on 1 April

2000.

T.Moyo (debtor) $480

Simba Wholesalers (creditor) $1200

During the month of April, the following transactions took place:

April 2. T.Moyo settled his March account in full with a cheque payment of
$450.
 4 A cheque was sent to Simba Wholesalers for the amount owing on 1
April, less 5% cash discount.
7 Bought goods on credit from Simba Wholesalers for $1500, less 25 %
trade discount.
10 The cheque received from T.moyo on 2 April was returned by the
bank marked ‘Refer to drawer’ the discount was disallowed.
14 T.Moyo paid the amount owing in cash.
15 Returned goods with a list price of $100 to Simba Wholesalers. The
goods were bought on 7 April
20 Sold goods on credit for $500 to T.Moyo.
25 Paid Simba Wholesalers $600 by cheque.

Prepare the ledger accounts of:

(a) T.Moyo,
(b) Simba Wholesalers.

Qn 5 the following is the Ledger of Sifiso. Prepare the Sales Ledger and the
Purchases ledger of Sifiso.

2013
Nov 1 Bought goods on credit from Munda Wholesalers $630.
2 Sold goods on credit to N.Nxumalo$400
4 Returned damaged goods worth $30 to Munda Wholesalers.
5 Sent a credit note to N.Nxumalo for goods returned worth$80.

Qn 6. Jaggers buys goods and sells them to trading customers.

2006
May 1 Jaggers owed $2500 to S.thomas and also owed $900 by Rufaro Shop.
5 Bouhgt goods on credit $500 from S.Thomas less 20% trade discount.
8 Sold goods $300 to Rufaro Shop less 10% trade discount.
10 Returned unsatisfactory goods worth$60 list price to S.Thomas.The
goods were originally bought on 5 May.
12 Rufaro Shop returned damaged goods with a list price of $40.
15 Paid cash to S.Thomas for the balance owed on 1May less 20% cash
discount
Qn7 Write up the relevant accounts in the appropriate ledger of S.Mudau.

May 5 Sold goods to the following:

C.Chako $4800
T.Thulani $8100
12 C.Chako returned $800 worth of damaged goods.
20 Sold goods to the following: C.Chako $16700
T.Thulani $20000
21 Thulani returned $3500 worth of goods as being unsuitable.
24 Thulani returned more goods unsuitable goods worth $2100.
29 Received cheques from the: C.Chako $13000
T.thulani $5000

Qn8 Record the following transactions in the appropriate ledger of H.Mpilo a

retailer

2000
July 1 Bought goods on credit from Road house $60000.
Bought fixtures and fittings on credit from Shop Fixtures for
$90000
5 Sold goods on credit to R.Rupiya $15000.
7 Sold goods for cash $6500.

9 Bought goods for cash $4000

12 bouhgt additional fixtures and fittings on credit from west end

furniture $20000

15 returned some fixtures and fittings $11000 shop fixtures.

16 Bought goods on credit from: roadhouse $40000

clothing suppliers $19000
sweet confections $25000

20 Cash Sales $2000

22Sold goods and received a cheque $7000

 25 Returned goods to: Road House $600
Sweet confections $1100

26 Sold goods on credit to the following : R. Rupiya $12500

T.Tonderai $67000
27 returned some of the fixtures $800 west end furniture.
30 R.Rupiya returned goods valued at $1500
CONTROL ACCOUNTS $

Sales ledger balances , 1 July 2016 –Debit 20,040

-Credit 56

Purchases ledger balances, 1 July 2016 –Debit 12

-Credit 14,860
Activities during the half –year to 31 December 2016:
Payments to trade accounts payable 93,685
Cheques from credit customers 119,930
Purchases on credit 95,580
Bad debts written off 124,600
Sales on credit 204
Discounts allowed 3,480
Discounts received 2,850
Returns inwards 1,063
Returns outwards 240
Sales ledger credit balances at 31 37
December 2016
Purchases ledger debit balances at 31 December 2016 26
During the half-year ,debit balances in the sales ledger ,amounting to
$438 ,were transferred to the purchases ledger

Required:
 Prepare the sales ledger control account and the purchases ledger con
trol account for the half-year to 31 December 2016

3.The following information was extracted from the books of Mercy R.on
31 December 2012.

2012 $

Dec 01 Total debtors balance 1700

Total creditors balance 650

31 Credit sales 20 500

Credit purchases 11 600

Bad debts written off 300

Sales ledger balance transferred to the

purchases ledger 190

Cheque from debtors 5470

Cash paid to creditors 1 200

Returns outwards 185

Returns inwards 530

Discount allowed 70

Discount received 25

Interest charged on debtor’s overdue account 100

Cash refunds from suppliers 400

 Sales ledger credit balances 20

Purchases ledger debit balances 15

Required

a)a sales ledger control account b)a purchases ledger control account

G.Ndumi extracted the following Trial Balance from her books on 31 December
2010

Trial Balance of G. Ndumi 31 December 2010

Debit Credit

Stock, 1 January 2010 4 500

Capital 20 000

Drawings 400

Debtors /Trade receivables 3 100

Creditors/Trade payables 5 000

Office equipments 10 000

Purchases 9 000

Sales 18 000

General Expenses 6 000

Discount received 200

Cash at bank 2 000

Returns outwards 500

Commission earned 300

Loan 100

Total 35 000 44 100

The following errors and omissions were subsequently discovered :

1.No record had been made for a computer worth $1 600 brought in by the
owner on March 1.

2.A purchase of furniture $1 500 had been debited to the purchases account .

3.The purchases day book was undercast by $4 000

4.The sales journal book was overcast by $1 300

5.The sales invoice of $3 000 entered in the sales day book and posted to sales
account had not been posted to the debtors personal account.

6.Included in the general expenses is $4 00 used by Ndumiso to pay her private

rent

7.A credit note of $8 00 issued to a debtor had been recorded in the debtors
account but no other account had been opened.

You are required to:

a)Show the journal entries necessary to correct the errors . [14]

b)Write a corrected trial balance at 31 December 2010. [6]

c)List 5 errors not revealed by the trial balance [5]