QUESTION THREE(30 MARKS)

The following information refers to Thuthukani Stores for April 2016:

R Balance of the debtors control account at 1 April 2016 15400 Totals of journals for the month:Columns in the Cash Receipts Journal: Cash sales 200 000 Debtors control 63 400 Settlement discount granted 1 600 Columns in the Cash Payments Journal: Creditors control34000 Settlement discount received 900 Debtors control( credit balance repaid) 600 R/D cheque from debtor P.Penny 800 Sales journal: Debtors control 65 000 Sales returns journal(all on credit sales) 400 General journal: interest charged to debtors 300

REQUIRED:

3.1 debtors control account properly balanced for April 2016.(20)

3.2 Briefly discuss the items that can cause differences between the general ledger bank account balance (as prepared by the bookkeeper) and the balance as per bank statement (prepared by the bank). Use examples to illustrate your answer.