Accounting 0452 · IGCSE · Control accounts

Control accounts — practice question

The account shown below was recorded in the books of Mary. Paul account: Debit side: April 1 balance b/d $90; April 14 sales $150; total $240. Credit side: April 21 returns $25; April 30 bank $88; discount $2; balance c/d $125; total $240. Which statement is correct?

  • AOn 1 April, Paul owed Mary $90.
  • BOn 14 April, Paul sold goods for $150 to Mary.
  • COn 21 April, Mary returned goods of $25 to Paul.
  • DOn 30 April, Mary owed Paul $125.

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