A-LevelAccountingReconciliation and verification9706/12 · May/June 2015 · Q51 Mark

A business purchases inventory on a credit basis. Which item affects the amount paid to suppliers?

Abad debts

Bcontra with the sales ledger

Cdiscount allowed

Dreturns inwards

✓ Correct answer

B: contra with the sales ledger

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About this question

Topic: Reconciliation and verification, A-Level Accounting (syllabus 9706). Multiple choice, 1 mark.
Source: A-Level Accounting, May/June 2015 Paper 1 Variant 2, question 5.

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