cash book-help!!!!!!!!

System

hi
ive been doing some revision for the exam coming soon! and i always end up with the same problem. i know not all the purchases go into the purchases a/c and the creditors control a/c but i can never remember which goes in which, is it.....
people whohave bought on credit go in the creditors control and 'cash' purchases go into purchases a/c or do ALL your purchases (credit and cash) in the purchases???????????????
please help as this is an ongoing problem for me, gets me every time!
thanks in advance
jo,

System

Re:cash book-help!!!!!!!!

Hi Jo,

Credit Purchases

Dr Purchases
Dr VAT
Cr Creditors/Purchases Ledger Control

Payment to creditor

Dr Creditors/Purchases Ledger Control
Cr Cash Book/Bank

Cash Purchases

Dr Purchases
Dr VAT
Cr Cash Book/Bank

So, all the purchases go into the purchases a/c but only the credit purchases go into the control a/c. Remember that the creditors/purchase ledger control account is a summary of the creditor accounts in the purchase ledger. Cash customers don't have accounts to summarise.

Hope that helps

Chris

System

Re:cash book-help!!!!!!!!

thanks thats a big help!