A $500 purchase of merchandise on account from Bowie Company was properly recorded in the purchases journal.
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A $500 purchase of merchandise on account from Bowie Company was properly recorded in the purchases journal. When posted, however, the amount recorded in the subsidiary ledger was $50. How might this error be discovered?
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This error might be discovered through several methods such as Reconciliation of Accounts Payable A ...View the full answer
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Related Book For
Accounting Tools for business decision making
ISBN: 978-0470095461
4th Edition
Authors: kimmel, weygandt, kieso
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