FRA Simulation - Purchase Ledger

System
System Posts: 100,534 🤖 Admin 🤖
edited June 18 in AAT student discussion
Just taken the FRA simulation. Only one problem area.
The journal to correct the error in the Purchase Ledger Control Account:
Its an incomplete posting from the Purchase Day Book, but was stuck on the journal.
Cr - Purchase Ledger Control Account
Dr - ????

Probably being major thick!! :oops:

Any help gratefully received

Comments

  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:FRA Simulation - Purchase Ledger

    Dr Purchases?

    Scott.
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:FRA Simulation - Purchase Ledger

    uh hu
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:FRA Simulation - Purchase Ledger

    Is that still the case if the correct amounts had been posted to the Purchases and VAT accounts already??
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:FRA Simulation - Purchase Ledger

    Dr Suspense in that case.

    Chris
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:FRA Simulation - Purchase Ledger

    i had this trouble to, only thing i could think of was to do a wonky journal as the only account that is available to post to is the PLC, just posted the VAT and admin purchases not posted from the pdb to the PLC.

    had similar trouble with task4, the SLC, couldnt find anywhere to post the credit note too other than the suppliers account.

    trial balance seemed to agree so assume it was right (bar the suspense adjustments)
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:FRA Simulation - Purchase Ledger

    The journal required was a single entry correction apparently, there wasn't a debit side to the journal!

    A journal wasn't needed for the SLC problem, as the main ledger wasn't affected.

    Thanks for the help guys

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