O-LevelAccountingAccounting procedures7707/12 · May/June 2018 · Q141 Mark

A business provided the following information. | | $ | |:---|:---| | sales ledger control account balance on 1 March | 3950 debit | | credit sales | 92 600 | | cash sales | 14 800 | | receipts from credit customers | 73 900 | | discounts allowed | 5700 | | discounts received | 6400 | | returns inwards | 15 200 | | returns outwards | 9600 | What was the sales ledger control account balance on 31 March?

A$1750

B$6650

C$16550

D$21450

✓ Correct answer

A: $1750

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Topic: Accounting procedures, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, May/June 2018 Paper 1 Variant 2, question 14.

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