A-LevelAccountingReconciliation and verification9706/12 · May/June 2010 · Q81 Mark
The total of the list of individual balances in the purchase ledger does not agree with the balance on the purchase ledger control account. When listing the individual suppliers' accounts a credit balance had been shown as a debit balance. What is needed to correct the mistake on the total of the purchase ledger balances?
Adecrease by the amount of the credit balance
Bdecrease by twice the amount of the credit balance
Cincrease by the amount of the credit balance
Dincrease by twice the amount of the credit balance
✓ Correct answer
D: increase by twice the amount of the credit balance
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