A-LevelAccountingReconciliation and verification9706/12 · Feb/Mar 2021 · Q81 Mark

The closing balance on a purchases ledger control account is $163762. The purchases journal has been undercast by $1000. What is the correct closing balance on the purchases ledger control account?

A$162762

B$163762

C$164762

D$165762

✓ Correct answer

C: $164762

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Topic: Reconciliation and verification, A-Level Accounting (syllabus 9706). Multiple choice, 1 mark.
Source: A-Level Accounting, Feb/Mar 2021 Paper 1 Variant 2, question 8.

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