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On 30 April 2023 , Amazing Traders received a statement from Rainbow Traders, a creditor. The balance in the creditors ledger of Amazing Traders was
On 30 April 2023 , Amazing Traders received a statement from Rainbow Traders, a creditor. The balance in the creditors ledger of Amazing Traders was R12 667 (credit). The statement received from Rainbow Traders showed a debit of R21083. The following discrepancies were discovered - Purchases returns of R 833 had been debited in the creditors' ledger of Amazing Traders. The statement from Rainbow Traders showed no such records. - Cheque number C2OO, dated April 2023, amounting R 10250 was debited in the creditors ledger of Amazing Traders but did not appear in the statement received from Rainbow Traders. - Invoice number IV 287 dated April 2023, amounting to R 4750 , was entered incorrectly into the statement received from Rainbow Traders as R 6250. - Invoice number IV 300 dated April 2023 amounting to R 4167 was credited in the creditors ledger of Amazing Traders but did not appear in the statement of Rainbow Traders. Show how the above errors can be corrected in the creditors' reconciliation statement of Amazing Traders 7 May 2023 On 30 April 2023 , Amazing Traders received a statement from Rainbow Traders, a creditor. The balance in the creditors ledger of Amazing Traders was R12 667 (credit). The statement received from Rainbow Traders showed a debit of R21083. The following discrepancies were discovered - Purchases returns of R 833 had been debited in the creditors' ledger of Amazing Traders. The statement from Rainbow Traders showed no such records. - Cheque number C2OO, dated April 2023, amounting R 10250 was debited in the creditors ledger of Amazing Traders but did not appear in the statement received from Rainbow Traders. - Invoice number IV 287 dated April 2023, amounting to R 4750 , was entered incorrectly into the statement received from Rainbow Traders as R 6250. - Invoice number IV 300 dated April 2023 amounting to R 4167 was credited in the creditors ledger of Amazing Traders but did not appear in the statement of Rainbow Traders. Show how the above errors can be corrected in the creditors' reconciliation statement of Amazing Traders 7 May 2023
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