- This topic has 3 replies, 2 voices, and was last updated 11 years ago by
.
Viewing 4 posts - 1 through 4 (of 4 total)
- Posts
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.
Viewing 4 posts - 1 through 4 (of 4 total)
- You must be logged in to reply to this topic.