Example question

Does anyone have a good formula to answer these?


Answers

  • shahidaziz
    shahidaziz Registered, AAT Student, AATQB Posts: 1
    Subsidiary sales ledger always sales increase balace

    Following decreases balance

    Sales return
    Payment received
    Discount allowed to customers
    Irrecoverable debts.
    As subsidiary sales ledger balance is less in above example so sales return have been entered twice. Receipts have been understated in subsidiary sales ledger both these actions will increase balance
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