The following entries appeared in the receivable ledger control account for June. Balance b/f 1st June is $7,500, sales $20,000, receipts from customers $8,000, irrecoverable debts written off $900.
May I know how to solve this?
This is how I did it, but I am unsure if I am right::
Yes, it is correct (although why are you attempting a question for which you do not have an answer – you should be using a Revision Kit from one of the ACCA Approved Publishers because they are full of questions with answers 🙂 )