(b) Up to 1 mark per well described procedure, overall maximum of 3 marks for supplier statement
reconciliations, maximum of 4 marks for bank and maximum of 5 marks for receivables.
(i) Supplier statement reconciliation
– Select a sample of supplier statements and agree the balance to the purchase ledger
– Invoices in transit, confirm via GRN if receipt of goods was pre year end, if so confirm included
in year-end accruals
– Cash in transit, confirm from cashbook and bank statements the cash was sent pre year end
– Discuss any further adjusting items with the purchase ledger supervisor to understand the nature
of the reconciling item, and whether it has been correctly accounted for
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