O-LevelAccountingAccounting procedures7707/13 · Oct/Nov 2022 · Q151 Mark

A sales ledger control account had a debit balance of $4000 on 1 August. During the month of August, credit sales totalled $50000, sales returns from credit customers were $600 and discounts allowed were $400. The debit balance on the sales ledger control account on 1 September was $6000. What was the total amount received from credit customers in August?

A$47000

B$47 800

C$48 200

D$49000

✓ Correct answer

A: $47000

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Topic: Accounting procedures, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, Oct/Nov 2022 Paper 1 Variant 3, question 15.

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