Accounting Multiple Choice Question – 26 February 2023

The total of the balances in the purchases ledger does not agree with the balance on the purchases ledger control account.

It is found that a credit balance of £3,100 on a supplier’s account has been listed as a debit balance.

What is the effect of correcting the error on the total of the purchases ledger balances?

Select ONE answer:

1. £3,100 decrease
2. £3,100 increase
3. £6,200 decrease
4. £6,200 increase

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 4

1. Not correct
2. Not correct
3. Not correct
4. Correct

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