Hi, can someone help me in this question?
ABC Plc. mostly incurs credit sales. At 31 Dec 20X8, the total of the list of individual balances extracted from the receivables ledger was £21,000 debit.
1. A customer returned some goods to ABC. These had originally been invoiced at £700. ABC recorded a credit note in the sales day book which was credited twice to the customer’s account.
2. A personal account debit balance had been undercast by £100
3. A cheque for £190 from Linzy was not recorded in the receivables ledger.
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Receivables
6y ago#1You must have an answer in the same book in which you found this question, so ask about whatever it is in the answer that you are not clear about – then I will explain.
I assume that you have watched my free lectures on Books of Prime Entry? Everything needed to be able to answer this question is explained in my lectures.
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