1. If a customer’s account in the debtors’ ledger shows a credit balance, does this necessarily indicate that an error has been made? 2. Does the double-entry principle of an equal value of debits and...

1. If a customer’s account in the debtors’ ledger shows a credit balance, does this necessarily indicate that an error has been made?

2. Does the double-entry principle of an equal value of debits and credits in the system cease to apply when subsidiary ledgers are being employed?

May 26, 2022