O-LevelAccountingVerification of accounting records7707/11 · Oct/Nov 2014 · Q171 Mark
A trader provided the following information. 1 March purchases ledger control account balance $4000 31 March purchases journal total $53000 purchases returns journal total $2000 cheques paid to suppliers $47000 discounts received $1000 What was the purchases ledger control account balance on 31 March?
A$7000
B$9000
C$11000
D$13000
✓ Correct answer
A: $7000
Practise more questions on this topic
Oracle Prep sorts past-paper questions by topic, so you can drill Verification of accounting records and see which topics are most likely to come up next.
Sign up free →