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Why in the below (2) is not included in the answer, i.e. only 1 and 3, are taken

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FA – FIA FFA › Why in the below (2) is not included in the answer, i.e. only 1 and 3, are taken

  • This topic has 1 reply, 2 voices, and was last updated 7 years ago by AvatarJohn Moffat.
Viewing 2 posts - 1 through 2 (of 2 total)
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    Posts
  • September 24, 2018 at 5:37 pm #475666
    Avatarabhinavsmurali007
    Member
    • Topics: 1
    • Replies: 1
    • ☆

    The total of the list of balances in Valley’s payables ledger was $438,900 at 30 June 20X6. This balance did not agree with Valley’s payables ledger control account balance. The following errors were discovered:
    (1) A contra entry of $980 was recorded in the payables ledger control account, but not in the payables ledger.
    (2) The total of the purchase returns daybook was undercast by $1,000.
    (3) An invoice for $4,344 was posted to the supplier’s account as $4,434.
    What amount should Valley report in its statement of financial position as accounts payable at 30 June 20X6?

    September 25, 2018 at 6:02 am #475680
    AvatarJohn Moffat
    Keymaster
    • Topics: 57
    • Replies: 54839
    • ☆☆☆☆☆

    Please do not post the same question twice.

    I have answered your other posting of this question.

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Viewing 2 posts - 1 through 2 (of 2 total)
  • The topic ‘Why in the below (2) is not included in the answer, i.e. only 1 and 3, are taken’ is closed to new replies.

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