The following information relates to the sales ledger control account for ledger number 2, K to R:

£

Debit balances on 1 May 20-4 3,788 Cash received from customers 2,300 Cheques received from customers 14,568 Returns inwards 292 Bad debts written off 172 Discounts allowed 300 Sales 20,580 Debit balances on 31 May 20-4 as extracted from sales ledger 6,781 You are required to:

(a) Write up the sales ledger control account from the information given above.

(b) Comment on the significance of the closing figure as revealed by the control account with the figure for debtors as extracted from the sales ledger.