08:24 Cuie Instructions.On 28 February 2019, the debtors control account in the General Ledger of LesegoFashions showed a debit balance of R8 735, while the debtors list in the Debtorsledger showed a total of R5 584.The errors and omissions described below were found on 28 February 2019.Required:Indicate in the table provided below, how the errors and omissions should becorrected in order to reconcile the control account balance with debtor's list total.No.General LedgerDebtors ledgerDebtors listDebtors controlDr (+)Cr (-)Dr (+)Cr (-)3. The balance on the account of a debtor, R150, was brought down incorrectlyas R15.4. The amount on an invoice issued to A Shokane was miscalculated. Theaccount should be R62 and not R72.5. Payments to creditors as per the Cash Payment Journal were debited todebtors control account, R3 960.6. The debtors' journal was undercast and posted accordingly. The total shouldhave been R4 710, and not R4 170.7. A credit note for R51 was recorded but not posted to the debtor's personalaccount.Add a caption...> Status (Custom)

Error or omission can be classified as follows. Error of Principle: This is occur when accountant…

On 28 February 2019, the debtors control account in the General Ledger of Lesego Fashions showed a debit balance of R8 735, while the debtors list in the Debtors ledger showed a total of R5 584. The errors and omissions described below were found on 28 February 2019. Required: Indicate in the table provided below, how the errors and omissions should be corrected in order to reconcile the control account balance with debtor's list total. No. General Ledger Debtors control Debtors ledger Debtors list Dr (+) Cr (-) Dr (+) Cr (-) 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.

On 28 February 2019, the debtors control account in the General Ledger of Lesego Fashions showed a debit balance of R8 735, while the debtors list in the Debtors ledger showed a total of R5 584. The errors and omissions described below were found on 28 February 2019. Required: Indicate in the table provided below, how the errors and omissions should be corrected in order to reconcile the control account balance with debtor's list total. No. General Ledger Debtors control Debtors ledger Debtors list Dr (+) Cr (-) Dr (+) Cr (-) 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.

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter9: Accounting For Receivables

Section: Chapter Questions

Problem 6PB: Ink Records recorded $2,333,898 in credit sales for the year and $1,466,990 in accounts receivable....

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