Incomplete Records

A statement of affairs is ...

• Details of your personal relationships

• A summary statement of financial position

• A summary income statement

• A summary cashflow statement

Missing or stolen cash can be found from

• a statement of affairs

• the sales ledger control account

• the purchases ledger control account

• the cash account

Credit purchases can be found from

• a statement of affairs

• the sales ledger control account

• the purchases ledger control account

• the cash account

Credit sales can be found from

• a statement of affairs

• the sales ledger control account

• the purchases ledger control account

• the cash account

Cash sales can be found from

• a statement of affairs

• the sales ledger control account

• the purchases ledger control account

• the cash account

Closing trade payables can be found from

• a statement of affairs

• the sales ledger control account

• the purchases ledger control account

• the cash account

Profit for the year can be calculated using

• a statement of affairs

• the sales ledger control account

• the purchases ledger control account

• the cash account

Opening capital can be found using

• a statement of affairs

• the sales ledger control account

• the purchases ledger control account

• the cash account

Irrecoverable debts are posted to

• a statement of affairs

• the sales ledger control account

• the purchases ledger control account

• the cash account

The closing balance for trade receivables can be found from

• a statement of affairs

• the sales ledger control account

• the purchases ledger control account

• the cash account