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O-LevelAccountingAccounting procedures7707/11 · May/June 2024 · Q131 Mark

Nadia provided the following information for the month of July. $ 1 July sales ledger control account balance debit 1750 credit 215 For the month of July: total of sales journal 5500 total of sales returns journal 360 cheques received from credit customers 4840 irrecoverable debt written off 280 interest charged on credit account 5 There was no credit balance on the account on 1 August. What was the debit balance brought down on the sales ledger control account on 1 August?

A$1550
B$1560
C$1980
D$1990

✓ Correct answer

B: $1560

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About this question

Topic
Accounting procedures, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source
O-Level Accounting, May/June 2024 Paper 1 Variant 1, question 13.

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