A-LevelAccountingControl AccountsMay/June 2023Paper 1 Q101 Mark
A company has obtained the following information for the year ended 31 December. $ opening balance on sales ledger control account 31000 closing balance on sales ledger control account 35000 discount allowed 2300 credit sales 125400 What was the amount received from credit customers?
A$119 100
B$123700
C$127 100
D$131700
✓ 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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