Accounting 9706 · AS & A Level · The accounting system

The accounting system — practice question

The table gives data from a purchases ledger control account at the end of the year. payments made to suppliers $\$36000$ purchases made on credit $\$55000$ discounts received $\$7800$ closing balance carried down (balancing figure) $\$35000$ What was the credit balance brought down at the start of the year?

  • A$\$8200$
  • B$\$23800$
  • C$\$46200$
  • D$\$61800$

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