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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