CREDITORS’ RECONCILIATION EXAMPLES.
The creditor, Galileo General Dealers sent our business Gordell Limited a
Statement of Account
CREDITORS’ LEDGER OF GORDELL LIMITED
- Galileo General Dealers
Day Details Fol Debit Credit Balance
Apr Balance b/d 14650
1
4 Invoice 3754 CJ 6750* 21400
5 Cheque 5491 CPJ 14650 6750
Invoice 5837 CJ 12600 19350
21 Debit note 3616 CAJ 3500* 15850
28 Invoice 6458 CJ 4150* 20000
GALILEO GENERAL DEALERS
- Statement of Account: Gordell Limited
Day Details Fol Debit Credit Balance
Apr 1 Balance b/d 14650
1 Invoice 3754 DJ 7500* 22150
8 Receipt 14545 CRJ 14650 7500
12 Invoice 5837 DJ 12600 20100
18 Invoice 6120 DJ 9900* 30000
ADDITIONAL INFORMATION
1. Galileo forgot to deduct 10% trade discount on invoice 3754
2. Invoice 6120 is addressed to Gribbon Limited
3. Gordell returned some of the stock bought on 15 April
4. Galileo issues statements on the 20th of each month.
The creditor, Galileo General Dealers sent our business Gordell Limited a
Statement of Account
CREDITORS’ LEDGER OF GORDELL LIMITED
- Galileo General Dealers
Day Details Fol Debit Credit Balance
Apr Balance b/d 14650
1
4 Invoice 3754 CJ 6750* 21400
5 Cheque 5491 CPJ 14650 6750
Invoice 5837 CJ 12600 19350
21 Debit note 3616 CAJ 3500* 15850
28 Invoice 6458 CJ 4150* 20000
GALILEO GENERAL DEALERS
- Statement of Account: Gordell Limited
Day Details Fol Debit Credit Balance
Apr 1 Balance b/d 14650
1 Invoice 3754 DJ 7500* 22150
8 Receipt 14545 CRJ 14650 7500
12 Invoice 5837 DJ 12600 20100
18 Invoice 6120 DJ 9900* 30000
ADDITIONAL INFORMATION
1. Galileo forgot to deduct 10% trade discount on invoice 3754
2. Invoice 6120 is addressed to Gribbon Limited
3. Gordell returned some of the stock bought on 15 April
4. Galileo issues statements on the 20th of each month.
