(Reconciliations) 1 Ordan received a statement from one of...
60.1K
Verified Solution
Link Copied!
Question
Accounting
(Reconciliations) 1 Ordan received a statement from one of its suppliers, Alta, showing a balance due of R3 980 The amount due according to the payables ledger account of Alta in Ordan's records w R230. Comparison of the statement and the ledger account revealed the following differences: A payment sent by Ordan for R270 has not been allowed for in Alta's statement 2. Alta has not allowed for goods returned by Ordan R180 3 Ordan made a contra entry, reducing the amount due to Alta by R3 200, for a balance due from Alta in Ordan's receivables ledger No such entry has been made in Alta's rece What difference remains between the two records after adjusting for these items? 0 R100 R460 R6 500 R640
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!