Order ID:89JHGSJE83839 | Style:APA/MLA/Harvard/Chicago | Pages:5-10 |
Instructions:
Simon Datamatics Financial Information Case Assignment
Question Description
Following information has been extracted from the books of account of “Simon Datamatics” as at 30 April 2021. Items Particulars Amount
Items | Particulars | Amount (£) |
1 | Credit sales | 93,882 |
2 | Sales returns | 884 |
3 | Receipts from credit customers entered in the cash book | 95,501 |
4 | Discount received | 1,877 |
5 | Debit balance in sales ledger transferred to purchase ledger | 235 |
6 | Cash sales | 2,276 |
7 | Purchase Returns | 488 |
8 | Bad debt written off on 20 April 2021 | 150 |
9 | Discount allowed | 1,788 |
10 | Customer’s dishonored cheque | 107 |
– | Debtors Balance at 01 April 2021 | 44,267 |
– | Debtors Balance at 30 April 2021 | 38,698 |
– | Creditors Balance at 01 April 2021 | 42,574 |
(£) 1 Credit sales 93,882 2 Sales returns 884 3 Receipts from credit customers entered in the cash book 95,501 4 Discount received 1,877 5 Debit balance in sales ledger transferred to purchase ledger 235 6 Cash sales 2,276 7 Purchase Returns 488 8 Bad debt written off on 20 April 2021 150 9 Discount allowed 1,788 10 Customer’s dishonored cheque 107 – Debtors Balance at 01 April 2021 44,267 – Debtors Balance at 30 April 2021 38,698 – Creditors Balance at 01 April 2021 42,574
Required:
4a) Identify the source used (Books of original entries) to draw up control accounts for items 1 to 10 listed above. (Note: List them in your answer sheet in chronological order)
4b) Prepare a Sales Ledger Control Account for the month of April 2021 and comment on the closing balance
3b) Explain what a Control Account is and discuss three advantages of using them?
Simon
RUBRIC |
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Excellent Quality 95-100%
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Introduction
45-41 points The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned. |
Literature Support 91-84 points The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned. |
Methodology 58-53 points Content is well-organized with headings for each slide and bulleted lists to group related material as needed. Use of font, color, graphics, effects, etc. to enhance readability and presentation content is excellent. Length requirements of 10 slides/pages or less is met. |
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Average Score 50-85% |
40-38 points More depth/detail for the background and significance is needed, or the research detail is not clear. No search history information is provided. |
83-76 points Review of relevant theoretical literature is evident, but there is little integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are included. Summary of information presented is included. Conclusion may not contain a biblical integration. |
52-49 points Content is somewhat organized, but no structure is apparent. The use of font, color, graphics, effects, etc. is occasionally detracting to the presentation content. Length requirements may not be met. |
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Poor Quality 0-45% |
37-1 points The background and/or significance are missing. No search history information is provided. |
75-1 points Review of relevant theoretical literature is evident, but there is no integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are not included in the summary of information presented. Conclusion does not contain a biblical integration. |
48-1 points There is no clear or logical organizational structure. No logical sequence is apparent. The use of font, color, graphics, effects etc. is often detracting to the presentation content. Length requirements may not be met |
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Simon Datamatics Financial Information Case Assignment |
Simon Datamatics Financial Information Case Assignment