Accounting for IGCSE & O level - Accounting Procedures (Section 6 - No. 39)
What errors must be recorded if the balance on the sales ledger control account does not agree with the total of individual trade receivable accounts?
Errors will be corrected by identifying them.
The balances must agree.
An error must have occurred.
The business is doing poorly.
Explanation
If the balances do not agree then there must be errors, which need to be corrected.
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