SJR
Oct 28, 2009, 04:10 AM
A cash refund to a debtor has been enterd on the Dr side of the sales ledger control account. The sales ledger debit balance is £6007 bu the sales ledger control account debit balance is £5896 a difference of £111. This is the same as the cash refund to the debtor Mr Green, it has bee suggested that the cash refund has not been entered in Mr Green's account in the sales ledger. How should this cash refund been entered in the in the double entry system of accounts.
How cash overpaid and returned also be entered in the double entry system it has been entered in the Purchase ledger control account.
Thnak you for your help
How cash overpaid and returned also be entered in the double entry system it has been entered in the Purchase ledger control account.
Thnak you for your help