Accounting 9706 · AS & A Level · Reconciliation and verification

Reconciliation and verification — practice question

A purchases ledger control account has these figures: opening balance $1200$; closing balance $1300$; purchases $18400$; payments made $17800$; discount received $300$. Which item is entered in the control account to show the contra with the sales ledger control account?

  • A$200$ credit
  • B$200$ debit
  • C$800$ credit
  • D$800$ debit

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