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6. The following control account has been prepared by a junior accountant. Payables ledger control account Balance b/f $379,500 Cash paid Contra $467,933 Purchases
6. The following control account has been prepared by a junior accountant. Payables ledger control account Balance b/f $379,500 Cash paid Contra $467,933 Purchases $428,488 45 Discounts received 4,568 Closing balance 344,578 812,566 812,566 What should be closing balance be once any errors are corrected? A. RM344,578. B. RM335,452. C. RM344,678. D. RM423,478.
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Accounting What the Numbers Mean
Authors: David H. Marshall, Wayne W. McManus, Daniel F. Viele,
9th Edition
978-0-07-76261, 0-07-762611-7, 9780078025297, 978-0073527062
