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The Purchase Ledger Control Account has a balance of 57,890 credit. However, the following have been discovered: A purchase of 2,354 has been posted to
The Purchase Ledger Control Account has a balance of 57,890 credit. However, the following have been discovered: A purchase of 2,354 has been posted to the account as a debit A discount received of 768 has not been recorded in the books A supplier is also a customer and a contra entry of 455 has been put through the Sales Ledger Control Account but not through the Purchase Ledger Control Account The corrected balance on the Purchase Ledger Control Account will be: 1 61,375 2 62,598 3 61,830 4 60,244 12 of 10
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