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what are the descrepancies here You are working as...

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Accounting

what are the descrepancies here

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You are working as the accounts clerk for Virtual Vision and the following cheque and remittance were received from a customer, Andrew Hughes on 26 June 2018. Required: 1. Check the remittance and cheque with your ledger account. 2. Make a note of any discrepancies and any action required. 3. Prepare receipt no 035 for Andrew Hughes based on the Remittance Advice. 4. How does a business investigate the credit worthiness of a customer? Andrew Hughes 18 Luker Street, Roseberry ABN 39 671 230 957 Remittance Advice To: Virtual Vision 12 Macquarie Street, Narellan 2567 ABN 22 132 551 217 Attached please find our cheque number 000347 in full payment of the following: $ 1,625.00 Invoice 00575 17/05/18 Less Discount Total Cheque $ 1,625.00 WHAT BANK AU Sydney 26 June 18 Pay: The sum of Virtual Vision One thousand, six hundred and twenty five dollars only $1,625 Not Negotiable For Andrew Hughes 000347 085-678 567987 Credit Balance Ledger Account: Accounts Receivable - Andrew Hughes Date Particulars Folio Debit 17-May Sales (Invoice 00757) GJ1 1,625.00 01- May Interest GJ2 81.25 19-May Sales (Invoice 00798) SJ1 16,500.00 Dr 1,625.00 1,706.25 Dr 16,706.25 Dr

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