Simulation D1895, task 5
louise
Registered Posts: 49 Regular contributor ⭐
has anyone done it?
i know how to do it , but this time round its dosent seen to add ! please explain?
louise
i know how to do it , but this time round its dosent seen to add ! please explain?
louise
0
Comments
-
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:0 -
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
louise0 -
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 £x0 -
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 anyway0
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