O-LevelAccountingAccounting procedures7707/12 · 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

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Topic: Accounting procedures, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, Oct/Nov 2014 Paper 1 Variant 2, question 17.

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