Help with correction of errors and omissions please
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Hi can someone please help me to answer this question. I have recieved a list of individual debtors balance and these total £30,338 i have 5 errors and omisions that i need to adjust in order to reconcile the sales ledger control a/c i have a balance b/d of £60,744 :?
1. one of the pages in the sales day book has been added up incorrectly its been recorded as
£52,334 when it should be £ 25,334
2.certain bad debts have been written off in control a/c but no entries have been made in the subsidiary a/c the bad debts need adjustment total £2412
3. A debtor balance of £5668 has been completely omitted from the list of individual balances
4. A cash refund of
£3,450 given to a debtor for faulty goods has been adjusted on the individual list of balances but no entry made in SLC
5 A subsidiary ledger a/c has been listed as a debit balance of £13,740 insted of the correct amount of £17,340
1. one of the pages in the sales day book has been added up incorrectly its been recorded as
£52,334 when it should be £ 25,334
2.certain bad debts have been written off in control a/c but no entries have been made in the subsidiary a/c the bad debts need adjustment total £2412
3. A debtor balance of £5668 has been completely omitted from the list of individual balances
4. A cash refund of
£3,450 given to a debtor for faulty goods has been adjusted on the individual list of balances but no entry made in SLC
5 A subsidiary ledger a/c has been listed as a debit balance of £13,740 insted of the correct amount of £17,340
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Comments
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Re:Help with correction of errors and omissions please
Hi,
Hope this helps,
Debtors Balance 30,338
Bad Debt (2,412)
Omitted Balance 5,668
Transposed Balance 3,600
=37,194
SLCA Balance 60,744
SDB Correction (27,000)
Cash refund 3,450
= 37,194
SLCA has now been reconciled with the debtors balance
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Re:Help with correction of errors and omissions please
Hi
Thanks for that very much appreciated
Jennie0