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Kim Smith.
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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AA Exams › supplier statement reconciliation trade payables control account reconciliation
maam if a company does not perform supplier stamen reconciliation OR trade payables control account reconciliation then that only affects the accuracy of trade payables right? Or it does affect the accuracy of purchases figure also?
THINK “double entry” – if payable hasn’t been recorded – the other side of the entry (purchases) hasn’t been recorded either.