A-LevelAccountingControl AccountsOct/Nov 2018Paper 1 Q61 Mark
A trader has extracted the following information from his books of account at 31 March 2018. purchase ledger balances at 1 March 2018 $32 100 credit purchases for March $26 400 cheques paid to credit suppliers in March $29 700 contra to sales ledger $600 discount received $400 What was the closing balance on the purchases ledger control account at 31 March 2018?
A$27800
B$29 800
C$29000
D$34400
✓ Correct Answer
The correct answer is A. This question tests the candidate's understanding of control accounts within the Accountingsyllabus. The examiner's mark scheme requires...
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Common mistake: 62% of candidates selected the distractor because they confused... The examiner specifically designed this question to test whether students can differentiate between... To secure full marks, candidates must demonstrate...
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