Question $4$

$($Marks: $30)$

Riley's Traders is a registered VAT vendor, and all transactions include $15\%$ VAT unless otherwise

specified. The accountant of Riley Traders is in the process of reconciling the Debtors Control

account balance with the Debtors List as at $30$ June $2024.$ The balance of the Debtors Control

account at $30$ June $2024$ is R$125435$ before any adjustments.

The business has prepared the following Age Analysis at the end of June $2024$:

Debtors Age Analysis of Riley's Traders as at $30$ June $2024$

The accountant has discovered the following adjustments that still need to be processed:

The total of the Debtors Control column in the Debtors Journal $($R$345000)$ has been

totalled incorrectly and understated by R $2000.$

A deposit of R$2390$ was received from Dawson CC but was recorded in the Cash

book receipts as being received from Rawson Stores. It was subsequently then

posted to Rawson Stores' account in the Debtors Ledger and has been aged as a

payment of a current invoice.

Rivers Wholesalers returned goods during the month and was issued Credit Note

CN$3256$ to the value of R$644.$ The credit note was captured in error in the Debtors

Journal and posted as a duplicate credit invoice.

The accountant queried the $60$ days balance outstanding in Atlas Group's account.

She discovered that this related to a query from Atlas Group where they disputed

receiving the goods. She investigated further and discovered that the goods were