Post on 19-Jan-2016
Errors & the SLCAi.e. your Sales Ledger does not
balance with the SLCA
Question 4 – Worked Example
Dr Sales Ledger Control Account CrDate Details £ Date Details £
Errors & the SLCAi.e. your Sales Ledger does not
balance with the SLCADr Sales Ledger Control Account Cr
Date Details £ Date Details £
June Balance b/d 41,774
a) The SDB was under cast by £100
Dr Sales Ledger Control Account CrDate Details £ Date Details £
June Balance b/d 41,774
a) The SDB was under cast by £100
Dr Sales Ledger Control Account CrDate Details £ Date Details £
June Balance b/d 41,774
JuneSDB under
cast 100
Dr Sales Ledger Control Account CrDate Details £ Date Details £
June Balance b/d 41,774
JuneSDB under
cast 100
b) A page from the SRDB was not posted £450
Dr Sales Ledger Control Account CrDate Details £ Date Details £
June Balance b/d 41,774 June SRDB 450
JuneSDB under
cast 100
b) A page from the SRDB was not posted £450
Dr Sales Ledger Control Account CrDate Details £ Date Details £
June Balance b/d 41,774 June SRDB 450
JuneSDB under
cast 100
c) An invoice from SDB has been posted as to the Sales Ledger as £769 instead of the correct figure of £679
Dr Sales Ledger Control Account CrDate Details £ Date Details £
June Balance b/d 41,774 June SRDB 450
JuneSDB under
cast 100
d) A discount allowed to one customer of £16 has been entered on
the wrong side of the Sales Ledger
Dr Sales Ledger Control Account CrDate Details £ Date Details £
June Balance b/d 41,774 June SRDB 450
JuneSDB under
cast 100
e) An irrecoverable debt of £210 has been written off in the customers
individual account but not in the SLCA
Dr Sales Ledger Control Account CrDate Details £ Date Details £
June Balance b/d 41,774 June SRDB 450
JuneSDB under
cast 100 June Bad Debt 210
e) An irrecoverable debt of £210 has been written off in the customers
individual account but not in the SLCA
Dr Sales Ledger Control Account CrDate Details £ Date Details £
June Balance b/d 41,774 June SRDB 450
JuneSDB under
cast 100 June Bad Debt 210
f) A credit balance of £125 in the sales ledger had been listed as a
debit balance
Dr Sales Ledger Control Account CrDate Details £ Date Details £
June Balance b/d 41,774 June SRDB 450
JuneSDB under
cast 100 June Bad Debt 210
41,874 41,874
Balance the SLCA
Dr Sales Ledger Control Account CrDate Details £ Date Details £
June Balance b/d 41,774 June SRDB 450
JuneSDB under
cast 100 June Bad Debt 210
June Balance c/d 41,214
41,874 41,874
July Balance b/d 41,214
Balance the SLCA
Sales Ledger £
Original total of balances
Amended list of balances
Amended Sales Ledger Control A/C
Sales Ledger £
Original total of balances 41,586
Amended list of balances
Amended Sales Ledger Control A/C
Sales Ledger £
Original total of balances 41,586
Amended list of balances
Amended Sales Ledger Control A/C
41,214
Sales Ledger £
Original total of balances 41,586
Amended list of balances
Amended Sales Ledger Control A/C
41,214
Sales Ledger £
Original total of balances 41,586
c) -90
Amended list of balances
Amended Sales Ledger Control A/C
41,214
Sales Ledger £
Original total of balances 41,586
c) -90
d) -32
Amended list of balances
Amended Sales Ledger Control A/C
41,214
Sales Ledger £
Original total of balances 41,586
c) -90
d) -32
f) -250
Amended list of balances
Amended Sales Ledger Control A/C
41,214
Sales Ledger £
Original total of balances 41,586
c) -90
d) -32
f) -250
Amended list of balances 41,214
Amended Sales Ledger Control A/C
41,214