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A-LevelAccountingReconciliation and verification9706/12 · May/June 2015 · Q101 Mark

A trader maintains a sales ledger control account. How can he calculate credit sales?

Abalance carried down + receipts + balance brought down
Bbalance carried down + receipts – balance brought down
Cbalance carried down – receipts + balance brought down
Dbalance carried down – receipts – balance brought down

✓ Correct answer

B: balance carried down + receipts – balance brought down

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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 10.

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