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Accounting reconciliations

Example 3

An entity had four receivables, with the following balances at 1 January 20X1:

$
Khan 437
P Binns 1,046
J Harris 93
C Bloggs 294
–––––
Total 1,870

The sales daybook for January was as follows:
Sales daybook
Date Customer Total $
20X1
10 Jan J Harris 235
17 Jan P Binns 470
23 Jan Khan 705
–––––
1,410
–––––

The sales returns daybook for January was as follows:
Sales returns daybook
Date Customer Total $
20X1
12 Jan J Harris 94
23 Jan P Binns 141
–––––
235
–––––

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