Which ONE of the following is a possible explanation for a debit balance on the...

CIMA BA3 Question Answer

Which ONE of the following is a possible explanation for a debit balance on the purchase ledger account of a supplier?

(i) An invoice has been posted twice

(ii) A credit note has been posted twice

(iii) A payment has been recorded against the wrong supplier account

(iv) A payment has been posted twice

(v) A contra was posted to the supplier account but not the customer account

(vi) Goods returned had been posted to the wrong supplier account

(i) and (ii) only

(iii) and (iv) only

(i), (ii) and (iv) only

(ii), (iii) and (iv) only

(i), (ii) and (v) only

(iii), (iv) and (vi) only

CIMA BA3 Summary

Price: $52.5 ~~$149.99~~