A-LevelAccountingControl Accounts and ReconciliationMay/June 2010Paper 1 Q81 Mark
The total of the list of individual balances in the purchase ledger does not agree with the balance on the purchase ledger control account. When listing the individual suppliers' accounts a credit balance had been shown as a debit balance. What is needed to correct the mistake on the total of the purchase ledger balances?
Adecrease by the amount of the credit balance
Bdecrease by twice the amount of the credit balance
Cincrease by the amount of the credit balance
Dincrease by twice the amount of the credit balance
✓ Correct Answer
The correct answer is D. This question tests the candidate's understanding of control accounts and reconciliation within the Accountingsyllabus. The examiner's mark scheme requires...
📋 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...
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