The purchases ledger control account showed a closing balance of $\$20000$. Purchases returns of $\$1500$ were recorded on the incorrect side of the control account. What is the corrected balance?
- A$\$17000$
- B$\$18500$
- C$\$21500$
- D$\$23000$
Accounting 9706 · AS & A Level · Reconciliation and verification
The purchases ledger control account showed a closing balance of $\$20000$. Purchases returns of $\$1500$ were recorded on the incorrect side of the control account. What is the corrected balance?