Posted by: Pdfprep
Post Date: April 17, 2021
Which ONE of the following is a possible explanation for a debit balance on the purchase ledger account of a supplier?
(i) An invoice has been posted twice
(ii) A credit note has been posted twice
(iii) A payment has been recorded against the wrong supplier account
(iv) A payment has been posted twice
(v) A contra was posted to the supplier account but not the customer account
(vi) Goods returned had been posted to the wrong supplier account
A . (i) and (ii) only
B . (iii) and (iv) only
C . (i), (ii) and (iv) only
D . (ii), (iii) and (iv) only
E . (i), (ii) and (v) only
F . (iii), (iv) and (vi) only
Answer: D
Leave a Reply