Accounting 9706 · AS & A Level · Reconciliation and verification

Reconciliation and verification — practice question

A company drew up its purchases ledger control account, and the balance shown was $15960. The following matters were later found. 1 Discounts received amounting to $450 had been recorded in the purchases ledger control account as $540. 2 A payment of $720 made to a supplier had not been recorded in his account. 3 The purchases ledger debit balances carried down, with a total of $110, had been left out of the control account. 4 A contra of $170 had been entered in the purchases ledger but had not been entered in the purchases ledger control account. What should the correct total of the trade payables be?

  • A$15050
  • B$15240
  • C$15990
  • D$16150

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