Purchase of merchandise on account from lore company

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Reference no: EM131056291

A $500 purchase of merchandise on account from lore company was properly recorded in the purchases journal. When posted, however, the the amount recorded in the subsidiary ledger was $50. How might this error be discovered?

Reference no: EM131056291

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Purchase of merchandise on account from lore company : A $500 purchase of merchandise on account from lore company was properly recorded in the purchases journal. When posted, however, the the amount recorded in the subsidiary ledger was $50. How might this error be discovered?

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