Accounting 0452 · IGCSE · Control accounts

Control accounts — practice question

The partly completed account below was shown in Candy’s ledger. Information for the purchases ledger control account is given below. The following entries still remain to be entered in the account. Credit suppliers charged $15 interest for late payments. Balances totalling $450 owed in the purchases ledger were offset against balances in the sales ledger. What will be the closing balance on the purchases ledger control account after these entries have been posted?

  • A$5655
  • B$5685
  • C$6555
  • D$6585

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