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FAControl accounts

Former userFormer user14y ago

[Content removed at user request]

Former userFormer user14y ago#1
because #2 only effects the control account.
Former userFormer user14y ago#2
because no.2 is an error of addition in the day book, as the payables ledger is not the part of double entry, each return is recorded separately on the individual accounts but the gross summed up amount is posted to the control account, therefore it shows an understatement in the control account only but no change in personal accounts
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