C$100$

Client: Learning $($Pty$)$ Ltd$.$

Year$-$end: $31/12/2022$

Prepared by: DA

Date prepared: $31/10/2022$

Subject: Trade creditors reconciliation Stax $($Pty$)$ Ltd

A preliminary sample was selected for creditors reconciliation, and Stax $($Pty$)$ Ltd wasselected as a creditor to be tested on $31$ October $2022.$ Stax $($Pty$)$ Ltd is the leading stationery and study material supplier for Learning $($Pty$)$ Ltd$.$All the other reconciling trade creditors were verified and are correct.

Trade creditor$-$ Stax $($Pty$)$ Ltd

Below is the reconciliation between the monthly trade creditors statement and the creditors balance in the creditors ledger as at $31$ October $2022$ for Stax $($Pty$)$ Ltd$.$Balance according to the creditors monthly statement

R$3542785$

Less:

$$ Payments that do not reflect on the statement $($R$150000)$

$$ Goods returned and no deductions made on the statement $($R$985235)$Balance per the creditors ledger R$2407550$

$1\mathrm{.}1$ Based on the information presented in working paper C$100,$ formulate generaland specific substantive procedures for the trade creditors reconciliation of Stax $($Pty$)$ Ltd for the monthly statement dated $31$ October $2022.(15$ marks$)$