Page 245 - F3 -FA Integrated Workbook STUDENT 2018-19
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Incomplete records
Missing figures using ledgers
2.1 Overview
The balancing figure approach uses ledger accounts to derive missing information.
Examples are as follows:
Ledger account Missing figure
Receivables/RLCA Credit sales, money received from receivables
Payables/PLCA Credit purchases, money paid to payables
Cash at bank Drawings, money stolen
Cash at hand Cash sales, cash stolen
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