The Receivables control account balance, as at 30 June 2012, was 412,500. This did not agree with
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The Receivables control account balance, as at 30 June 2012, was £412,500. This did not agree with the sum of individual customers’ balances. The following errors have since been discovered:
(a) A copy debit note for £900 sent with goods returned to a supplier was entered in the Sales Journal.
(b) £40 paid for carriage outwards was debited in error to the customer’s account.
(c) A sales invoice for £1,750 has not been posted to the customer’s account.
(d) Return Inwards Journal has been undercast by £3,000. Identify the sum of the individual customers’ balances as found before correction.
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Related Book For 
Financial Accounting An Introduction
ISBN: 9780273737650
2nd Edition
Authors: Mr Barry Elliott, Mr Augustine Benedict
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