A-LevelAccountingReconciliation and verification9706/12 · Oct/Nov 2018 · 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

A: $27800

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Topic: Reconciliation and verification, A-Level Accounting (syllabus 9706). Multiple choice, 1 mark.
Source: A-Level Accounting, Oct/Nov 2018 Paper 1 Variant 2, question 6.

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