- This topic has 0 replies, 1 voice, and was last updated 12 years ago by
.
Viewing 1 post (of 1 total)
- Posts
33 While carrying out the reconciliation of the balance on the payables control account
in the general ledger with the supplier’s statements, Jarl discovered the following
errors:
(i) A supplier’s statement had not accounted for cash in transit of $1,200
(ii) The total of the purchase day book was overcast by $8,000
(iii) Jarl took a settlement discount of $400 that was not allowed by the supplier on
their statement as the payment was late
Which of the above errors require a correcting entry in the control account?
A (i) and (ii) only
B (ii) and (iii) only
C (iii) only
D All of the above
Viewing 1 post (of 1 total)
- You must be logged in to reply to this topic.