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Recievables Ledgers

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FA – FIA FFA › Recievables Ledgers

  • This topic has 1 reply, 2 voices, and was last updated 2 years ago by John Moffat.
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    Posts
  • November 8, 2022 at 10:59 am #670972
    Juttsbthegreat
    Member
    • Topics: 3
    • Replies: 0
    • ☆

    Omission of a creditor’s balance from the list of balances extracted creditor’s ledger necessitates adjustment

    a) To the list of balances only

    b) To the list of balances and to the creditor’s ledger

    c) To the creditor’s control account only

    d) To the list of balances, the creditor’s ledger and the creditor’s control account

    I don’t know the answer,
    Please help me

    November 8, 2022 at 1:01 pm #670981
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54762
    • ☆☆☆☆☆

    The answer is (a).

    For a full explanation do watch my lectures on ‘Books of Prime Entry’.

    The lectures are a complete free course for Paper FA and cover everything needed to be able to pass the exam well.

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