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the balance on payable ledger control account is $31,554 . the accountant has discovered that she has not recorded :
A settlement of discount of $53 received form a supplier and
A suppliers invoice for $622.what amount should be reported for payables on companys financial position ?
sir is the answer 30985 ?
but the answer given is 32123 .please solve this . Thank you
The answer given is the correct answer.
A discount received reduces the amount owing. An invoice from a supplier increases the amount owing.
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