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A-LevelAccountingControl AccountsFeb/Mar 2024Paper 1 Q131 Mark

A company prepared its purchases ledger control account, which showed a balance of $15 960. The following items were then discovered. 1 Discounts received of $450 had been entered into the purchases ledger control account as $540. 2 A payment of $720 to a supplier had not been entered in his account. 3 The purchases ledger debit balances carried down totalling $110 had been omitted from the control account. 4 A contra of $170 had been entered in the purchases ledger but not in the purchases ledger control account. What was the correct total of the trade payables?

A$15050
B$15240
C$15990
D$16 150

✓ 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...

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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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About This A-Level Accounting Question

This multiple-choice question appeared in the Cambridge A-Level Accounting (9706) Feb/Mar 2024 examination, Paper 1 Variant 2. It tests the topic of Control Accounts and is worth 1 mark.

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