State two types of error that would be identified by preparing a sales ledger control account.

Question:

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Accounting For Cambridge International AS And A Level

ISBN: 9780198399711

1st Edition

Authors: Jacqueline Halls Bryan, Peter Hailstone

See More Books

Question Posted: Sep 15, 2021 04:37 AM

See More Questions

State two types of error that would not be identified by preparing a sales ledger control account.
Prepare a sales ledger control account from the following information for January 2015. Sales ledger balances (debit) at 1 January 2015 42 356 Total of sales journal for January 2015 68 902 Total of...
Dean has prepared the following sales ledger control account for December 2014. The following errors and omissions have been found: a. Irrecoverable debts of $882 had been written off customers'...
For Wilder Corporation, sales is $1,600,000 (8,000 units), fixed expenses are $480,000, and the contribution margin per unit is $80. What is the margin of safety in dollars?
Give the formula and name for each ionic compound formed between the two listed ions. a. NH4+ and N3 b. Mg2+ and CO32 c. Al3+ and OH
The controller of Pueblo Ceramics Inc. wishes to prepare a cost of goods sold budget for April. The controller assembled the following information for constructing the cost of goods sold budget: Use...
Youre looking at some corporate bonds issued by Mazda, and you are trying to determine what the nominal interest rate should be on them. You have determined that the real risk-free interest rate is...
Firton Brothers purchased for $90,000 a tract of land that included an abandoned warehouse. The warehouse was razed, and the site was prepared for a new building at a cost of $10,000. Scrap materials...
Which one of the metal atoms whose electronic structure given below forms a nitrate of the type M(NO3)2? 37 A. 2.8.0 B. 2.8.1 C. 2.8.2 D. 2.8.3
1. Is Summit Software a gazelle? Support your answer. 2. What problems may Jim face owning such a fast-growing business? 3. Are gazelles more important to the economy than traditional growth...
David has extracted the following balances from his books of account at 31 December 2014. Inventory at 31 December 2014 was valued at $54,350. Required Prepare an income statement for David for the...
Prepare a bank reconciliation statement from the following information, clearly identifying the balance as per the cash book. Credit balance as per bank statement 259.03 Unpresented cheques 719.55...
A manufacturer produces exterior plywood, interior plywood, and fiberboard, which are shipped to two distributors. The table below shows the number of units of each type of product that are shipped...
The entry to record the purchase of equipment using cash would include: Question 34Answer a. Debit to Assets & Credit to Liabilities b. Debit to Liabilities & Credit to Assets c. Debit to Assets &...
How Would you want a community correctional center to be built in your neighborhood? Why or why not?"
Explain how natural hazards are generated and why disasters resulting from natural hazards should not be called natural disasters?
The business of "healthcare" is currently focused on: A. Establishing viable revenue through appropriate pricing strategies B. Mitigating financial risk C. Managing cost and increasing value D....
Alice, Barney and Cathy want to establish and operate an ice cream shop. Alice and Barney will be actively involved in the management of the business, but Cathy is investing most of the money. The...
When the following compound is hydrated in the presence of acid, the unreacted alkene is found to have retained the deuterium atoms: What does the preceding statement tell you about the mechanism of...
we have to compute the letter grades for a course. The data is a collection of student records stored in a file. Each record consists of a name(up to 20 characters), ID (8 characters), the scores of...
Would consumers be better off if all nations dropped their antidumping laws? Explain your thinking.
How would our marketing system change if manufacturers were required to set fixed prices on all products sold at retail and all retailers were required to use these prices? Would a manufacturers...
Is price discrimination involved if a large oil company sells gasoline to taxicab associations for resale to individual taxicab operators for 2 cents a gallon less than the price charged to retail...
Identify a few specific opportunities for Starbucks based on the "Jobs To Be Done" (JTBD) or "Product/Needs" models. Using that info, how can Starbucks differentiate itself from competitors doing...
how could the financial sector tie into Maker DOA? please explain
Explain how monitoring portfolio values and variation can help understand the portfolio's performance.

State two types of error that would be identified by preparing a sales ledger control account.

Question:

Step by Step Answer:

1 Unrecorded Sales This is when sales transactions are not recorded in ...View the full answer

Accounting For Cambridge International AS And A Level

Students also viewed these Business questions