Accounting 9706 · AS & A Level · Reconciliation and verification

Reconciliation and verification — practice question

A company had drawn up its purchases ledger control account, and the balance shown was $\$15\,960$. The following discrepancies were then found: 1 Discounts received of $\$450$ had been recorded in the purchases ledger control account as $\$540$. 2 A payment of $\$720$ made to a supplier had not been posted to his account. 3 The purchases ledger debit balances carried down, with a total of $\$110$, had been left out of the control account. 4 A contra entry of $\$170$ had been entered in the purchases ledger but not in the purchases ledger control account. What should the correct total of the trade payables be?

  • A$\$15\,050$
  • B$\$15\,240$
  • C$\$15\,990$
  • D$\$16\,150$

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