Accounting 9706 · AS & A Level · Reconciliation and verification

Reconciliation and verification — practice question

Konrad’s purchases ledger showed a combined trade payables balance of $57400$. The errors below were subsequently found. Discount allowed overcast in cash book: $2000$ Returns outwards omitted from a supplier’s account: $350$ Payments to trade payables undercast in cash book: $137$ Purchases journal overcast: $500$ What should the corrected total of trade payables balances be?

  • A$54413$
  • B$54913$
  • C$55050$
  • D$57050$

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