Simulation D1895, task 5

louise
louise Feels At HomeRegistered Posts: 49
has anyone done it?

i know how to do it , but this time round its dosent seen to add ! please explain?

louise

Comments

  • crispy
    crispy Trusted Regular SouthamptonRegistered Posts: 456
    hello,

    I have looked at the question and the £2,700 difference seems to be caused by: -

    1. Purchase return omitted from the control A/c £ (2,741.91)
    2. PDB per Purchase Ledger does not agree to PLCA £ 5,441.91
    Difference = £ 2,700.00

    Therefore journals to correct would be.
    Dr PLCA £ 2,741.91
    Cr Purchases Returns £ 2,741.91
    Dr Purchases £ 5,441.91
    Cr PLCA £ 5,441.91

    Posting these to the PLCA will give closing balance of £ 54,052.30 - which reconciles back to Purchase ledger.

    Hope this is ok :001_smile:
  • louise
    louise Feels At Home Registered Posts: 49
    thank you!! its worked.

    another question if you can, task9 accruals and prepayments.

    how do i enter these in the tb

    thankyou for your help

    louise
  • crispy
    crispy Trusted Regular SouthamptonRegistered Posts: 456
    Hi,

    Sorry my original answer was wrong :001_unsure:- I was only looking at the task in question and just assumed the PLCA was out. The answers appear to all have been provided, the error with task 5 just seems to be an invoice entered incorrect in the purchase ledger so no journals are required.

    Prepayments & Accruals are entered into the TB as
    Dr Prepayments £x
    Cr Expense A/c £x

    Dr Expense A/c £x
    Cr Accruals £x
  • louise
    louise Feels At Home Registered Posts: 49
    i know, i just had to read the question properly! its just that i have done so many simulations im fed up of reading everything, oops!

    thanks anyway
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