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Incomplete records

Missing figures using ledgers

3.1 Overview

The balancing figure approach uses ledger accounts to derive missing information.
Examples are as follows:

Ledger account Missing figure

Receivables/SLCA Credit sales, money received from receivables

Payables/PLCA Credit purchases, money paid to payables

Expenses Expenses paid/incurred

Cash at bank Drawings, money stolen

Cash at hand Cash sales, cash stolen

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