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Errors & the SLCA i.e. your Sales Ledger does not balance with the SLCA.

Published byEverett Riley Modified over 9 years ago

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Presentation on theme: "Errors & the SLCA i.e. your Sales Ledger does not balance with the SLCA."— Presentation transcript:

1 Errors & the SLCA i.e. your Sales Ledger does not balance with the SLCA

2 Question 4 – Worked Example DrSales Ledger Control AccountCr DateDetails£DateDetails£

3 Errors & the SLCA i.e. your Sales Ledger does not balance with the SLCA DrSales Ledger Control AccountCr DateDetails£DateDetails£ June Balance b/d41,774

4 a) The SDB was under cast by £100 DrSales Ledger Control AccountCr DateDetails£DateDetails£ June Balance b/d41,774

5 a) The SDB was under cast by £100 DrSales Ledger Control AccountCr DateDetails£DateDetails£ June Balance b/d41,774 JuneSDB under cast100

6 DrSales Ledger Control AccountCr DateDetails£DateDetails£ June Balance b/d41,774 JuneSDB under cast100 b) A page from the SRDB was not posted £450

7 DrSales Ledger Control AccountCr DateDetails£DateDetails£ June Balance b/d41,774JuneSRDB450 JuneSDB under cast100 b) A page from the SRDB was not posted £450

8 DrSales Ledger Control AccountCr DateDetails£DateDetails£ June Balance b/d41,774JuneSRDB450 JuneSDB under cast100 c) An invoice from SDB has been posted as to the Sales Ledger as £769 instead of the correct figure of £679

9 DrSales Ledger Control AccountCr DateDetails£DateDetails£ June Balance b/d41,774JuneSRDB450 JuneSDB under cast100 d) A discount allowed to one customer of £16 has been entered on the wrong side of the Sales Ledger

10 DrSales Ledger Control AccountCr DateDetails£DateDetails£ June Balance b/d41,774JuneSRDB450 JuneSDB under cast100 e) An irrecoverable debt of £210 has been written off in the customers individual account but not in the SLCA

11 DrSales Ledger Control AccountCr DateDetails£DateDetails£ June Balance b/d41,774JuneSRDB450 JuneSDB under cast100JuneBad Debt210 e) An irrecoverable debt of £210 has been written off in the customers individual account but not in the SLCA

12 DrSales Ledger Control AccountCr DateDetails£DateDetails£ June Balance b/d41,774JuneSRDB450 JuneSDB under cast100JuneBad Debt210 f) A credit balance of £125 in the sales ledger had been listed as a debit balance

13 DrSales Ledger Control AccountCr DateDetails£DateDetails£ June Balance b/d41,774JuneSRDB450 JuneSDB under cast100JuneBad Debt210 41,874 Balance the SLCA

14 DrSales Ledger Control AccountCr DateDetails£DateDetails£ June Balance b/d41,774JuneSRDB450 JuneSDB under cast100JuneBad Debt210 JuneBalance c/d41,214 41,874 July Balance b/d41,214 Balance the SLCA

15 Sales Ledger£ Original total of balances Amended list of balances Amended Sales Ledger Control A/C

16 Sales Ledger£ Original total of balances41,586 Amended list of balances Amended Sales Ledger Control A/C

17 Sales Ledger£ Original total of balances41,586 Amended list of balances Amended Sales Ledger Control A/C41,214

18 Sales Ledger£ Original total of balances41,586 Amended list of balances Amended Sales Ledger Control A/C41,214

19 Sales Ledger£ Original total of balances41,586 c)-90 Amended list of balances Amended Sales Ledger Control A/C41,214

20 Sales Ledger£ Original total of balances41,586 c)-90 d)-32 Amended list of balances Amended Sales Ledger Control A/C41,214

21 Sales Ledger£ Original total of balances41,586 c)-90 d)-32 f)-250 Amended list of balances Amended Sales Ledger Control A/C41,214

22 Sales Ledger£ Original total of balances41,586 c)-90 d)-32 f)-250 Amended list of balances41,214 Amended Sales Ledger Control A/C41,214

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