Accounting 9706 · AS & A Level · The accounting system

The accounting system — practice question

At 1 March, the balance in a purchases ledger control account stood at $71300. Over the month ending 31 March, these transactions occurred. Cheque payments to trade payables $133200 Credit purchases $149000 Purchases returns $3000 Cash purchases $2000 Contra with sales ledger $1600 What was the trade payables balance on 31 March?

  • A$80500
  • B$82500
  • C$83700
  • D$85700

Worked solution & mark scheme

This 1-mark question has a full step-by-step worked solution and mark scheme.

  • Full mark scheme, point by point
  • Step-by-step worked solution
  • Write your answer & get it marked instantly by AI