dger control account. In preparing the accounts for the year to 31 October 2019 the accountant discovers that the total of all the personal accounts in the sales ledger account to sh.12,802 whereas the balance on the sales ledger control account is sh.12,550 Upon investigating the matter, the following errors were discovered. - sales for the week ending 27 March 2019 amounting to sh 850 had been ommited from the control account. - A debtor account balance of sh 300 had not been included in the list of balance . - Cash received of sh. 750 had been entered in a perso
April showers sells goods on credit to most of it's customers. In order to control it's debtor collection system the company maintains a sale ledger control account. In preparing the accounts for the year to 31 October 2019 the accountant discovers that the total of all the personal accounts in the sales ledger account to sh.12,802 whereas the balance on the sales ledger control account is sh.12,550
Upon investigating the matter, the following errors were discovered.
- sales for the week ending 27 March 2019 amounting to sh 850 had been ommited from the control account.
- A debtor account balance of sh 300 had not been included in the list of balance .
- Cash received of sh. 750 had been entered in a personal account as sh. 570.
- Discounts allowed totalling sh.100 had not been entered in the control account.
- A personal account balance had been undercast by sh.200.
- A contra item of sh.400 with the purchase ledger had not been entered in the control account.
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- A cash received of sh.250 had been debited to a personal account.
- Discount received of sh.50 had been debited to Bells sales ledger account.
- Return inwards valued at sh.200 had not been included in the control account.
- Cash received of sh.80 had been creditedto a personal account as sh.8.
- A cheque of sh.300 received from a customer had been dishonored by the bank but no adjustment had been made in the control account.
Required:
Prepare a corrected sales ledger control account bringing down the amended balance as at 1 November 2019.
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