A-LevelAccountingReconciliation and verification9706/12 · Oct/Nov 2010 · Q81 Mark

The trade receivable (debtors) control account of Y shows a balance of $14 320. Customer X, who owes Y $1000, has also supplied Y with $400 of goods. The supply of goods, $400, is to be offset by Y. What is the corrected trade receivable (debtors) control account balance?

A$13 720

B$13 920

C$14 720

D$14 920

✓ Correct answer

B: $13 920

Practise more questions on this topic

Oracle Prep sorts past-paper questions by topic, so you can drill Reconciliation and verification and see which topics are most likely to come up next.

About this question

Topic: Reconciliation and verification, A-Level Accounting (syllabus 9706). Multiple choice, 1 mark.
Source: A-Level Accounting, Oct/Nov 2010 Paper 1 Variant 2, question 8.

Questions and mark schemes are from past examination papers and remain the copyright of the exam board. How Oracle Prep builds its content

Related Accounting questions

Reconciliation and verificationFeb/Mar 20191m

During the month of June, a business recorded the following information. $ payments to credit suppliers during June 1…

Reconciliation and verificationFeb/Mar 20201m

A trial balance does not balance and a suspense account is opened. Later the following errors are found and the suspe…

Reconciliation and verificationFeb/Mar 20201m

A sales ledger control account included the following entries. 1 contra with the purchases ledger control account $50…

Accounting for non-current assetsFeb/Mar 20181m

The following information relates to a motor vehicle part-exchanged for a new vehicle in the year. $ cost of old vehi…

Preparation of financial statementsFeb/Mar 20181m

A sole trader withdraws goods for his own use. How does this affect his financial statements? income statement statem…

Preparation of financial statementsFeb/Mar 20181m

A company has a year-end of 31 December. Its inventory records on that date showed an inventory of 600 units with a c…

← Browse all past-paper questions