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Hello Sir,
Hope you are well!
I have a question from March/June 2019 exam, the brief is as below:
Supplier Balance per Balance per
purchase ledger supplier statement
$ $
Poole Co (72,168) 84,235
The difference on this balance has still to be investigated.Which of the following would be a valid explanation for the difference in respect of Poole Co?
(1) An invoice for $156,403 has been paid twice
(2) An invoice for $156,403 has been posted as a debit note
(3) An invoice for $156,403 has been received and processed prior to receipt of the goods
A 1 only
B 1 and 2 only
C 2 and 3 only
D 1, 2 and 3As per answer it is just 1st and my understanding is saying it should be 2nd as well because there is a debit balance so there maybe chances that a debit note was issues.
Can you please explain.Please see here https://opentuition.com/topic/assertions-17
And please remember to post to the TUTOR forum for a tutor response – thank you.
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