Accounting 0452 · IGCSE · Control accounts

Control accounts — practice question

Jim’s cash book was summarised for the year as follows: • total cheques paid to suppliers $3750$ • total discount received $65$ Which entries are made in his purchases ledger control account?

  • ADebit bank $3750$; Credit discount received $65$
  • BDebit bank $3750$
  • CCredit bank $3750$; Credit discount received $65$
  • DDebit discount received $65$; Credit bank $3750$

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