Accounting 9706 · AS & A Level · Reconciliation and verification
Reconciliation and verification — practice question
Balances in Reena’s purchases ledger control account on 29 February 2020, along with data from the books of prime entry for March 2020, are given, together with extra details about errors in a sales ledger control account.
(a)[7]
Prepare the purchases ledger control account for March 2020, using the information given.
(b)[3]
State three reasons a business might prepare a purchases ledger control account.
(c)[5]
Complete the table below to reconcile the sales ledger control account balance with the total of the sales ledger balances. Error 1 has already been done for you as an example.
Worked solution & mark scheme
This 15-mark question has a full step-by-step worked solution and mark scheme.