Business, 16.10.2020 16:01 megamorph

Prepare the Control account Reconciliation: On 28 February 2006 a schedule of creditors extracted from Saab's purchase ledger totaled $14042 but
the balance on the purchase ledger control account was $14200.
The following errors were found later:
a. The purchase return day book had been under cast by $210.
b. Purchase of goods on credit $1320 had not been entered anywhere in the accounts.
c. Ahmed's credit balance of $150 had been omitted when the purchase ledger balance had been
listed.
d. Ahmed had allowed cash discount $80 to Saab. This had been entered on the wrong side of
Ahmed's account but entered correctly in the cash book.
e. The purchase returns day book showed that a credit note for $180 had been received from Elisa
but it had been entered in Elisa's account as $108.
w tuto

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Prepare the Control account Reconciliation: On 28 February 2006 a schedule of creditors extracted f...

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