Accounting 9706 · AS & A Level · Reconciliation and verification

Reconciliation and verification — practice question

Param uses control accounts to confirm how accurate his business’s sales and purchases ledgers are. He supplied the information below for the month ending 30 April 2023 about trade receivables.
(a)[6]

Complete the sales ledger control account for April 2023. You do not need to include dates.

(b(i))[1]

Identify the books of prime entry for discounts allowed.

(b(ii))[1]

Identify the books of prime entry for irrecoverable debts written off.

(c)[3]

State three advantages of keeping control accounts.

(d)[4]

Calculate the revised sales ledger control account balance at 30 April 2023.

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