Accounting Multiple Choice Question – 16 September 2022

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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