Supplier Statement – NBC Institute

FA – May 2024 – L1 – SB – Q3a – Control Accounts

Lists reasons for differences between a supplier's statement and the ledger account and explains how to identify and resolve these differences.

Question

a. List three possible reasons for differences between the supplier’s statement balance and the supplier’s account balance in the ledger and explain how these differences can be identified and resolved during the reconciliation process. (6 Marks)

Answer

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Tags: Control Accounts, Ledger Account, Reconciliation, Supplier Statement
Level: Level 1

Topic: Control Accounts
Series: MAY 2024

Question Tag: Supplier Statement

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FA – May 2024 – L1 – SB – Q3a – Control Accounts

Lists reasons for differences between a supplier's statement and the ledger account and explains how to identify and resolve these differences.

FA – May 2024 – L1 – SB – Q3a – Control Accounts

Lists reasons for differences between a supplier's statement and the ledger account and explains how to identify and resolve these differences.

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Question Tag: Supplier Statement

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FA – May 2024 – L1 – SB – Q3a – Control Accounts

Lists reasons for differences between a supplier's statement and the ledger account and explains how to identify and resolve these differences.

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FA – May 2024 – L1 – SB – Q3a – Control Accounts

Lists reasons for differences between a supplier's statement and the ledger account and explains how to identify and resolve these differences.

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