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In the books of Beveridge Ltd the creditors ledger control account shows as at 31 December 2017 a credit balance of 321,700. The list of
In the books of Beveridge Ltd the creditors ledger control account shows as at 31 December 2017 a credit balance of 321,700. The list of individual creditors' balances extracted from the creditors ledger on the same date shows credit balances totaling E330,800. The following errors have been identified since then: (1) A debit balance of 1,700 in a supplier's account has been listed in error as a credit balance. (2) A credit note received from a supplier for E3,600 is still to be accounted for. (3) A cash payment to a supplier of 250 was correctly recorded in the cash book but was entered as ES20 in the creditors ledger (4) An invoice for 600 recorded in the purchases day book was not recorded in the supplier's account in the creditors ledger (5) A returns outwards day book page has been totalled as 43,000 instead of E40,000. (6) The remainder of the errors arose from the failure to post a payment to a supplier's account. Required (a) Calculate the corrected creditors ledger control account balance, and, (b) reconcile this with the total of the individual creditors balances in the creditors ledger
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