O-LevelAccountingAccounting procedures7707/11 · May/June 2010 · Q161 Mark

A sales ledger control account showed the following. $ opening debit balance 2000 sales 10 000 receipts from debtors 8000 returns inwards 100 discounts allowed 200 What was the closing balance?

A$3700

B$3900

C$4100

D$4300

✓ Correct answer

A: $3700

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Topic: Accounting procedures, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, May/June 2010 Paper 1 Variant 1, question 16.

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