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please provide editable answers Question 3 (Marks: 10) After all the ledgers had been drawn up, the following differences and errors were identified. Indicate with
please provide editable answers
Question 3 (Marks: 10) After all the ledgers had been drawn up, the following differences and errors were identified. Indicate with a cross (X) where you would correct each of the differences and errors listed below, and explain your reasoning as so how, why and where you will make the correction: Hint: some might need to be corrected in more than one place. Debtors control Debtors list Difference or error E.g. The total sales return column in the Debtors Allowance Journal was posted to the debit side of the Debtors Control Account Sales returns reduce the amount owing by a debtor. The error has occurred in the Debtors control account only, thus there will be no impact on the individual debtor's account. The debtors control account should be credited twice. A credit invoice (issued by the business) has not been recorded at all. The Debtors control column in the debtors journal was "undercast". Notification has been received that the outstanding balance on one of the debtors should be written off as the debtor is insolventStep by Step Solution
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