The Level 3 reconciliation of a class (recurring measurements, case data) starts from an opening balance of 520,000. Movements for the year: gain in profit or loss 30,000, purchases 90,000 and sales 40,000. The published closing balance is 590,000. Compute the unexplained difference (calculated closing balance less published closing balance).
- Opening balance
- 520,000
- Gain in profit or loss
- 30,000
- Purchases
- 90,000
- Sales
- 40,000
- Published closing balance
- 590,000