At the end of a period the purchases ledger control account had a credit balance of
while the list of balances extracted from the purchases ledger totalled An
investigation identified the following:
The purchases day book was overcast by
The return of goods worth was debited correctly in the creditors account but no
other entry was made in the books.
A contra entry of was updated in the Davis & Company accounts in both the sales
ledger and purchases ledger, however no entry was made in the control accounts.
The credit balance of on Maggie Jones Account was omitted from the list of balances.
A debit balance in the purchases ledger was listed as a credit balance.
A transaction for the purchase of goods amounting to from Harry Moore was posted
to the wrong side of the personal account.
Discount received of was entirely omitted from the accounting records.
A purchase invoice totalling was entered in the total Column of the purchases day
book as and posted to the personal account as
Required
a The correction of the errors in the Purchases Creditor Control Account
b A statement showing the adjustments to the List of Creditor Account Balances
