2 The sales ledger control account of a trader showed a debit balance of $28500 at the end of the
financial period. This did not agree with the total of the individual trade receivables accounts in the sales ledger.
The following errors were discovered.
1 A dishonoured cheque for $300 from a credit customer had been entered on the credit side of the sales ledger control account.
2 Contras of $500 entered correctly in the sales ledger had been omitted from the sales ledger control account.
3 Discounts allowed of $700 had not been entered in the sales ledger control account.
Which figure should be used for trade receivables in the financial statements?
1 )
$27600
$27900
3 )
$28900
4 )
$29300
تحلیل ویدئویی تست
تحلیل ویدئویی برای این تست ثبت نشده است!
