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Question 2 You are required to prepare a purchases ledger control account from the following for the month of June. The balance of the
Question 2 You are required to prepare a purchases ledger control account from the following for the month of June. The balance of the account is to be taken as the total of accounts payable as on 30 June. 2020 June 1 Purchases ledger balances (Credit) Totals for June: Purchases journal Returns outwards journal Cheques paid to suppliers Discounts received from suppliers 30 Purchase ledger balance (Debit) RM 3,676,000 42,257,000 1,098,000 38,765,000 887,000 40,000 REQUIRED: Indicate whether the balance of accounts payable is right or wrong. Prepare the purchase control accounts.
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