Simulation D1895, task 5

louise

has anyone done it?

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

louise

crispy

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

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

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

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