Accounting 9706 · AS & A Level · Reconciliation and verification

Reconciliation and verification — practice question

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$\$23000$

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