A-LevelAccountingReconciliation and verification9706/12 · Oct/Nov 2022 · 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

C: $165000

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Topic: Reconciliation and verification, A-Level Accounting (syllabus 9706). Multiple choice, 1 mark.
Source: A-Level Accounting, Oct/Nov 2022 Paper 1 Variant 2, question 13.

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