A-LevelAccountingReconciliation and verification9706/12 · Oct/Nov 2014 · Q71 Mark
A purchase ledger control account shows the following: $ opening balance 1200 closing balance 1300 purchases 18400 payments made 17800 discount received 300 Which entry appears in the control account to record the contra with the sales ledger control account?
A$200 credit
B$200 debit
C$800 credit
D$800 debit
✓ Correct answer
B: $200 debit
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.
Sign up free →