Accounting
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Past papers:41 questions
Control accounts · Medium

A trader provided the following information. $ 1 March purchases ledger control account balance 4 000 31 March purchases journal total 53 000 purchases returns journal total 2 000 cheques paid to suppliers 47 000 discounts received 1 000 What was the purchases ledger control account balance on 31 March?

Diagram for O Level Accounting question – Control accounts

Source: Specimen Paper 1 (2020 syllabus) · 14 · 2020

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