ACCA Financial Accounting (F3) Certification Practice Exam 2025 – The All-in-One Guide to Exam Success!

To determine the total balance of Valley Co's payables ledger as of 30 June 20X6, it is essential to analyze the components that contribute to this balance, including any purchases made on credit, payments made to suppliers, and the opening balance of accounts payable.

The payables ledger reflects the total amount owed to suppliers and must take into account all transactions impacting payables during the period leading up to the cut-off date of 30 June 20X6. This includes purchases on credit that have not been settled by that date, less any payments made during the period.

In this scenario, the calculation likely involved summing up outstanding invoices as well as subtracting any payments that have been processed, resulting in a total payables balance. Hence, having calculated this correctly, if the resulting figure is indeed $438,900, it signifies the thorough accounting of all transactions reflected in the payables ledger, incorporating proper tracking of the input and output of financial data related to accounts payable.

This thorough approach to determining the balance ensures accuracy in the financial statements and gives stakeholders a clear view of the company's outstanding financial obligations.