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O-LevelAccountingVerification of accounting records7707/11 · May/June 2011 · Q161 Mark

Which total is shown by the closing balance on a purchases ledger control account?

Acash purchases
Bcredit purchases
Ctrade payables
Dtrade receivables

✓ Correct answer

C: trade payables

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About this question

Topic
Verification of accounting records, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source
O-Level Accounting, May/June 2011 Paper 1 Variant 1, question 16.

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