14 Aug I need complete explanation and all steps..
4 On 30 September 2002 a schedule of debtors extracted from Stone’s sales ledger totalled $18 100 but the balance on the Sales Ledger Control account was $19 900. The following errors were found later.
1. The sales day book had been undercast by $200.
2. A debtor’s account had been wrongly balanced as $500 instead of $540.
3. Goods $70 returned by a debtor had been debited to his account.
4. A discount allowed of $60 had been recorded in the cash book but not entered in the customer’s account.
5. A written off bad debt of $260 had not been entered in the control account.
6. Balances totalling $340 in the purchases ledger had been set off against balances in the sales ledger but no entries had been made in the control accounts.
7. A debtor’s balance of $1600 had not been listed in the schedule of debtors.
8. $40 interest charged on a debtor’s outstanding account had been recorded in the sales ledger but not in the control account.
(a) Starting with the original total, make the necessary adjustments to the schedule of debtors.
(b) Starting with the original balance, prepare a revised Sales Ledger Control account.
Our website has a team of professional writers who can help you write any of your homework. They will write your papers from scratch. We also have a team of editors just to make sure all papers are of HIGH QUALITY & PLAGIARISM FREE. To make an Order you only need to click Ask A Question and we will direct you to our Order Page at WriteDemy. Then fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
Fill in all the assignment paper details that are required in the order form with the standard information being the page count, deadline, academic level and type of paper. It is advisable to have this information at hand so that you can quickly fill in the necessary information needed in the form for the essay writer to be immediately assigned to your writing project. Make payment for the custom essay order to enable us to assign a suitable writer to your order. Payments are made through Paypal on a secured billing page. Finally, sit back and relax.
About Wridemy
We are a professional paper writing website. If you have searched a question and bumped into our website just know you are in the right place to get help in your coursework. We offer HIGH QUALITY & PLAGIARISM FREE Papers.
How It Works
To make an Order you only need to click on “Place Order” and we will direct you to our Order Page. Fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
Are there Discounts?
All new clients are eligible for 20% off in their first Order. Our payment method is safe and secure.