The trial balance of Outsize Books Ltd revealed a difference in the books. In order that the
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The trial balance of Outsize Books Ltd revealed a difference in the books. In order that the error(s) could be located it was decided to prepare purchases and sales ledger control accounts. From the following information prepare the control accounts and show where an error may have been made:
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2011 Jan Dec 1 Purchases ledger balances Sales ledger balances Totals for the year 2011 Purchases journal Sales journal Returns outwards journal Returns inwards journal Cheques paid to suppliers Petty cash paid to suppliers Cheques and cash received from customers Discounts allowed Discounts received Balances on the sales ledger set off against balances in the purchases ledger 31 The list of balances from the purchases ledger shows a total of 20,210 and that from the sales ledger a total of 38,374 19,420 28,227 210,416 305,824 1,452 3,618 205,419 62 287,317 4,102 1,721 640
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Related Book For
Frank Woods Business Accounting
ISBN: 9780273759287
12th Edition
Authors: Frank Wood. Sangster, Alan
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