The sales ledger control account of a business had a balance of $17640. This did not agree with the total of the individual customer accounts in the sales ledger. The following errors have been discovered. 1 An invoice in the sales journal for $460 has been entered wrongly in the sales ledger as $640. 2 Credit balances on the sales ledger, $470, have been omitted from the sales ledger control account. 3 Discounts allowed have been incorrectly totalled as $310 instead of $325. 4 Goods sold to Harry for $690 have been entered in the account of Barry in error. What is the correct balance on the sales ledger control account?

The bank statement of a business showed a credit balance of $4520. This did not agree with the cash book. The followi…

What may help a book-keeper detect errors in the accounting records of a business? 1 books of original entry 2 sales…

The closing balance on a purchases ledger control account is $163762. The purchases journal has been undercast by $10…

On 1 May 2018 Trevor had a debit balance of $3000 on his rent receivable account. Rent received during the year was a…

A sole trader makes a profit for the year of $31000, after taking the following items into account. carriage inwards …

X and Y are in partnership sharing profit and losses equally. Y's opening current account balance was $1350 debit. Th…