Accounting for IGCSE & O level - Accounting Procedures (Section 7 - No. 47)
If the balance on the sales ledger control account is $10,000, which is the total of the individual trade receivable accounts in the sales ledger for the same month, but they do not agree; what action is required?
Identify errors.
Make further sales.
Start over.
Close the company.
Explanation
The individual differences should be recorded by identifying errors.
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