O-LevelAccountingVerification of accounting records7707/11 · May/June 2023 · Q141 Mark
The following partly completed account appeared in Candy's ledger. Purchases ledger control account Dec 31 bank $42000 discount received $600 Dec 1 balance b/d $720 31 purchases $48000 The following entries still need to be made in the account. Interest of $15 was charged by credit suppliers for overdue payments. Balances owing in the purchases ledger totalling $450 were set off against balances in the sales ledger. What will be the closing balance on the purchases ledger control account after these entries are made?
A$5655
B$5685
C$6555
D$6585
✓ Correct answer
B: $5685
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