O-LevelAccountingAccounting procedures7707/11 · May/June 2022 · Q131 Mark

Tamal provided the following information for March, his first month of trading. Credit purchases: $9100 Credit purchases returned: $322 Total payments to credit suppliers: $5358 During the month, Tamal overpaid a supplier by $94. He did not make any further purchases from this supplier in March. What were the balances on Tamal's purchases ledger control account on 1 April? debit balance credit balance

Adebit balance: $0, credit balance: $3420

Bdebit balance: $0, credit balance: $3514

Cdebit balance: $94, credit balance: $3420

Ddebit balance: $94, credit balance: $3514

✓ Correct answer

D: debit balance: $94, credit balance: $3514

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Topic: Accounting procedures, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, May/June 2022 Paper 1 Variant 1, question 13.

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