An inventory purchase on credit of $10 000 plus GST was correctly recorded in the purchases journal

Question:

An inventory purchase on credit of $10 000 plus GST was correctly recorded in the purchases journal of a business. However, when postings were made to the accounts payable in the subsidiary ledger, the purchase was incorrectly recorded as $1100; however, the correct amount was posted to the inventory subsidiary ledger. When and how will this error be discovered?

Accounts Payable
Accounts payable (AP) are bills to be paid as part of the normal course of business.This is a standard accounting term, one of the most common liabilities, which normally appears in the balance sheet listing of liabilities. Businesses receive...

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