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Thanks a lot,another question
Many thanks for your answer.Pls help for below question which from pilot paper (F3
The total of the list of balances in Valley's purchase ledger was $438,900 at June 2006.
This balance did not agree with Valley's purchase ledger control account balance.The
following errors were discovered:
1 A contra entry of $980 was recorded in the purchase ledger control account,but not in the purchase ledger
2 the total of the purchase returns daybook was undercast by $1000
3 an invoice for $4,344 was posted to the supplier's account as $4,434
what amount should Valley report in its balance sheet as accounts payable at 30 June
2006?
A $436,830
B $438,010
C $439,790
D $437,830
Pls let me know your workings and detailed explanation.Thank you..... |
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