double entry issues

[madaboutlfc]

basically a question on debtor control account and sales ledger reconciliation

 

Sales ledger includes a debit balance of 700 for business X and purchase ledger includes credit balance of 800 relating to same business. only net amount will be eventually paid off

 

included in the credit balance on sales ledger is a balance of 600 in the name of H smith. this arose because a sales invoice of 600 had earlier been posted in error from sales day book to the debit account of M Smith in purchase ledger

 

thanks guys bit stuck on these

[stressederic]

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[pipnasty]

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[madaboutlfc]

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[madaboutlfc]

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[charlie clown]

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