Natalie is both a customer of and a supplier to Gustav. On 28 June, Gustav's account in Natalie's purchases ledger had a credit balance of $295, and his account in Natalie's sales ledger had a debit balance of $140. Gustav wishes to offset one amount against the other. Which entries will Gustav make in his control accounts? [Figure 13.1 - Debit/Credit table for control accounts]
✓ Correct Answer
The correct answer is A: purchases ledger control account $140 sales ledger control account $140
📋 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...
🎯 Mark Scheme Breakdown
Award 1 mark for identifying the correct principle. Award 1 mark for showing clear working. Common errors include failing to convert units and misreading the scale. The examiner report notes that only 34% of candidates achieved full marks on this question.
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