The sum of the individual customers balances as at 30 September 2012 was 492,800. This did not

Question:

The sum of the individual customers’ balances as at 30 September 2012 was £492,800. This did not agree with the balance in the Receivable control account. The following errors have been discovered:

(a) Total of the discount column on the receipt side of the Cash Book was overcast by £1,800

(b) A sales invoice for £8,200 was not entered in the Sales Day Book

(c) £5,400 offset by contra is not recorded in both Personal ledger control accounts

(d) A cheque for £3,000 received from a customer has been debited to his account Identify the trade receivables as at 30 September 2012.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Financial Accounting An Introduction

ISBN: 9780273737650

2nd Edition

Authors: Mr Barry Elliott, Mr Augustine Benedict

Question Posted: