Accounting Multiple Choice Question – 16 September 2022

The home of multiple choice questions for all your KS3, KS4 and KS5 Business Studies, Economics and Accounting requirements.

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The closing balance on a Purchases Ledger Control account is £163,762.

The purchase day book (journal) or book of prime entry has been undercast by £1,000.

What should be the correct closing balance on the Purchases Ledger Control account?

Select ONE answer:

  1. £162,762
  2. £163,762
  3. £164,762
  4. £165,762

Show your workings to arrive at your answer, and explain and justify your reasons:

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple-choice question is suitable for Accounting KS5 classes.

The answer is 3

  1. Not correct
  2. Not correct
  3. Correct – £163,762 + £1,000
  4. Not correct

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