O-LevelAccountingAccounting procedures7707/12 · May/June 2013 · Q151 Mark

James was late paying an invoice issued by Henry. Henry charged James interest on the overdue amount. Which entry would be made in Henry's control accounts?

Acredit purchases ledger control account

Bcredit sales ledger control account

Cdebit purchases ledger control account

Ddebit sales ledger control account

✓ Correct answer

D: debit sales ledger control account

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Topic: Accounting procedures, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, May/June 2013 Paper 1 Variant 2, question 15.

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