Accounting 9706 · AS & A Level · Reconciliation and verification

Reconciliation and verification — practice question

A purchases ledger control account was prepared with some mistakes. The balance shown was $15\,830$ before correction. The following mistakes were then found. 1. Refunds of $270$ from credit suppliers had not been entered in the control account. 2. The total discounts received of $480$ had been entered on the wrong side of the control account. What is the corrected balance of the purchases ledger control account?

  • A$14\,600$
  • B$15\,080$
  • C$15\,140$
  • D$15\,620$

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