Tag: Payables Ledger

Alex Trading Ltd has opening trade payables of £24,183 and closing trade payables of £34,655.

Purchases for the period totalled £254,192 (£31,590 relating to cash purchases).

Total payments recorded in the payables ledger for the period were?

Select ONE answer:

1. £212,130
2. £233,074
3. £243,720
4. £264,664

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 – Bal b/d CR £24,817 + CR Purchases (£254,192 – £31,590) – Bal c/d DR £34,655 == > Payments = £212,130
2. Not correct
3. Not correct
4. Not correct

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