Accounting Multiple Choice Question – 17 April 2024

On 1 December 2020 Alex Ltd’s payables control account had a balance of £3,200.

During the month the following transactions occurred:

• Payments to suppliers £2,500
• Cash purchases £800
• Purchases on credit £3,300
• Returns outwards of credit purchases £750

The control account balance as at 31 December 2020 is?

Select ONE answer:

1. £3,250
2. £3,300
3. £3,550
4. £4,000

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 1

1. Correct – £3,200 + £3,300 – £2,500 – £750 = £3,250
2. Not correct
3. Not correct
4. Not correct

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