Acca financial Accounting (FA) Study Text ac ca (FA)

What was the total of the debit balances outstanding at 31 May?

 

$________ 

---

PRACTICE QUESTIONS 

474

 

KAPLAN PUBLISHING

 

44  A supplier sends you a statement showing a balance outstanding of 

$14,350. Your own records show a balance outstanding of $14,500. 

The reason for this difference could be that: 

A 

The supplier sent an invoice for $150 which you have not yet 

received 

B 

The supplier has allowed you $150 cash discount which you had 

omitted to enter in your ledgers 

C 

You have paid the supplier $150 which he has not yet accounted for 

D 

You have returned goods worth $150 which the supplier has not yet 

accounted for 

45