A-LevelAccountingControl AccountsOct/Nov 2022Paper 1 Q131 Mark
The following information is available for the year ended 31 December 2021. $trade payables at 1 January 2021 18000 trade payables at 31 December 2021 14000 discount received 6000 payments to credit suppliers 158 000 returns outwards 3000 contra to sales ledger control account 2000 What were the credit purchases for the year?
A$143000
B$161000
C$165000
D$173000
✓ Correct Answer
The correct answer is C. This question tests the candidate's understanding of control accounts within the Accountingsyllabus. The examiner's mark scheme requires...
📋 Examiner Report & Trap Analysis
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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