Gce Model Questions Vol1 2024 Financial Accounting Question 21
Practice objective / multiple choice question 21 from the 2024 Gce Model Questions Vol1 Financial Accounting examination.
The Purchases Returns Control Account shows a balance of \(£12,500\). The subsidiary ledger for individual suppliers totals \(£13,200\). Investigation reveals that a return of \(£300\) for one supplier was omitted from the control account and a return of \(£200\) for another supplier was overstated in the control account. What is the corrected balance of the Purchases Returns Control Account after these adjustments?
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About This Question
This is Gce Model Questions Vol1 2024 Financial Accounting Question 21. It is one of the objective questions from the 2024 Gce Model Questions Vol1 Financial Accounting examination.
Difficulty level: Medium .
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