A-LevelAccountingControl AccountsMay/June 2024Paper 1 Q101 Mark
A trade payable for $720 transferred from the purchases ledger has been entered on the wrong side of the sales ledger control account. The sales ledger control account has a closing balance of $92460 before correcting the transfer. An allowance for irrecoverable debts of $1000 is to be made. What is the correct balance on the sales ledger control account?
A$90 020
B$91 020
C$91740
D$92 180
✓ Correct Answer
The correct answer is B. 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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