Accounting 0452 · IGCSE · Other payables and other receivables

Other payables and other receivables — practice question

A ledger account was shown in the records of Leah, a trader. Amraz account: Debit side: April 26 purchases returns \$150; April 30 bank \$1900; April 30 discount \$100; balance c/d \$2950 (total \$5100). Credit side: April 1 balance b/d \$2100; April 20 purchases \$3000 (total \$5100). Which statement is correct?

  • AAmraz allowed Leah \$100 trade discount on 30 April.
  • BAmraz owed Leah \$2100 on 1 April.
  • CLeah owed Amraz \$2950 on 30 April.
  • DLeah’s net purchases from Amraz in April were \$2900.

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