1.1 A supplier has sent us a statement dated 28 February 2019 that we need to make payment for which is due by 31 March 2019. The amount due on the statement is R10,000. On our company ledger we have a payment that was made on 28 February of R2000 and an invoice of R1000 which we recorded in February but are both not reflecting on the supplier statement. The amount outstanding in our ledger is R9000. Please prepare the reconciliation from the supplier statement to our GL. 1.2 What could be a reason for the payment of R2000 not be reflecting on the supplier statement as at 28 February 2019
1.1 A supplier has sent us a statement dated 28 February 2019 that we need to make payment for which is due by 31 March 2019. The amount due on the statement is R10,000. On our company ledger we have a payment that was made on 28 February of R2000 and an invoice of R1000 which we recorded in February but are both not reflecting on the supplier statement. The amount outstanding in our ledger is R9000. Please prepare the reconciliation from the supplier statement to our GL. 1.2 What could be a reason for the payment of R2000 not be reflecting on the supplier statement as at 28 February 2019
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Am. 101.
Transcribed Image Text:1.1 A supplier has sent us a statement dated 28 February 2019 that we need to make payment for which is due by 31
March 2019. The amount due on the statement is R10,000. On our company ledger we have a payment that was
made on 28 February of R2000 and an invoice of R1000 which we recorded in February but are both not reflecting on
the supplier statement. The amount outstanding in our ledger is R9000. Please prepare the reconciliation from the
supplier statement to our GL. 1.2 What could be a reason for the payment of R2000 not be reflecting on the supplier
statement as at 28 February 2019
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