
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Question
Answer 7-10

Transcribed Image Text:17:16 C
February 2019, the debtors control account in the General Ledger of Lesego
ns showed a debit balance of R8 735, while the debtors list in the Debtors
showed a total of R5 584.
rors and omissions described below were found on 28 February 2019.
red:
e in the table provided below, how the errors and omissions should be
ted in order to reconcile the control account balance with debtor's list total.
General Ledger
Debtors control
Debtors ledger
Debtors list
Dr (+)
Cr (-)
Dr (+)
Cr (-)
1. The debtors list was overcast by R500.
2. The balance of a debtor was omitted from the debtors list, R75.
3. The balance on the account of a debtor, R150, was brought down incorrectly
as R15.
4. The amount on an invoice issued to A Shokane was miscalculated. The
account should be R62 and not R72.
5. Payments to creditors as per the Cash Payment Journal were debited to
debtors control account, R3 960.
6. The debtors' journal was undercast and posted accordingly. The total should
have been R4 710, and not R4 170.
7. A credit note for R51 was recorded but not posted to the debtor's personal
account.
8. The account of a debtor was balanced incorrectly. The balance should have
been R71 and not R61.
9. A credit note for R142 was recorded correctly in the debtors' allowance
journal but posted to the personal account as R124,
10. A credit note for R38 was recorded in the debtors' allowance journal as R83
and posted accordingly.
11.A cheque for R120 received from K Mohale was posted to the account of K
Mogale and posted accordingly.
12. An invoice of R40 in the debtors' journal was posted to the credit side of T
Ngwenya's account.
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