O-LevelAccountingVerification of accounting records7707/12 · Oct/Nov 2012 · Q181 Mark

Henri has charged Thibault interest on his overdue accounts. Where does this interest appear in Thibault's control accounts?

Aon the credit side of the purchases ledger control account

Bon the credit side of the sales ledger control account

Con the debit side of the purchases ledger control account

Don the debit side of the sales ledger control account

✓ Correct answer

A: on the credit side of the purchases ledger control account

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Topic: Verification of accounting records, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, Oct/Nov 2012 Paper 1 Variant 2, question 18.

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Henri has charged Thibault interest on his overdue accounts. Where does this interest appear in Thibault's control accounts?

✓ Correct answer

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