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Control Account

Forums › ACCA Forums › ACCA FA Financial Accounting Forums › Control Account

  • This topic has 0 replies, 1 voice, and was last updated 13 years ago by onyxera.
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  • October 26, 2011 at 5:06 pm #50234
    onyxera
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    • Topics: 3
    • Replies: 8
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    In solving Test Question 4 of Chapter 16, page 111 on the free lecture notes (ACCA-Paper-F3-notes-December-2011-OpenTuition.pdf), I do not understand why error (2) “The total of the purchase return journal was undercast by $1,000? was not corrected in the payables ledger. Shouldn’t this be debited to the payables ledger to reduce liability?

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