A-LevelAccountingControl AccountsMay/June 2020Paper 1 Q71 Mark
A sales ledger control account has a closing balance of $21000. It was discovered that a contra entry with the purchases ledger control account for $700 had been incorrectly entered on the wrong side of the sales ledger control account. What was the correct sales ledger control account balance?
A$19600
B$20300
C$21700
D$22400
✓ Correct Answer
The correct answer is A. This question tests the candidate's understanding of control accounts 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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