Control accounts — Paper 1 · IGCSE Accounting 0452

30 Sumit does not maintain a full set of accounting records. What does Sumit not need to calculate his credit sales? A customer’s dishonoured cheque B discounts allowed C discounts received D returns from credit customers

1 marks

Answer: C

This question in 0452/12 Feb/March 2020

13 A sales ledger control account had a debit balance of $10 000. It was found that a $2000 contra entry to the purchases ledger control account had been entered on the wrong side of the sales ledger control account. What was the correct debit balance on the sales ledger control account? A $6000 B $8000 C $12 000 D $14 000

1 marks

Answer: A

This question in 0452/11 May/June 2020

27 Ahmed provided the following information. $ trade receivables at 1 January 2019 15 000 for the year ended 31 December 2019: credit sales 85 000 cash sales 12 000 cheques received from trade receivables 65 000 irrecoverable debts 2 000 By how much had the trade receivables increased by the end of the financial year? A $18 000 B $30 000 C $33 000 D $45 000

1 marks

Answer: A

This question in 0452/11 May/June 2020

14 Thembi is preparing her sales ledger control account. She needs to know: 1 The total for goods which have been returned by credit customers. 2 The amount owed by credit customers which have been written off as irrecoverable. Where can she obtain this information? goods returned irrecoverable debts A purchase returns account irrecoverable debts account B purchase returns journal general journal C sales returns account irrecoverable debts account D sales returns journal general journal

1 marks

Answer: D

This question in 0452/12 May/June 2020

28 A trader provided the following information. $ trade receivables at start of the year 5 000 trade receivables at end of the year 8 500 cash received from trade receivables 34 700 irrecoverable debts written off 200 discount allowed 185 What was the amount of the credit sales? A $38 200 B $38 385 C $38 400 D $38 585

1 marks

Answer: D

This question in 0452/12 May/June 2020

14 Thembi is preparing her sales ledger control account. She needs to know: 1 The total for goods which have been returned by credit customers. 2 The amount owed by credit customers which have been written off as irrecoverable. Where can she obtain this information? goods returned irrecoverable debts A purchase returns account irrecoverable debts account B purchase returns journal general journal C sales returns account irrecoverable debts account D sales returns journal general journal

1 marks

Answer: D

This question in 0452/13 May/June 2020

28 A trader provided the following information. $ trade receivables at start of the year 5 000 trade receivables at end of the year 8 500 cash received from trade receivables 34 700 irrecoverable debts written off 200 discount allowed 185 What was the amount of the credit sales? A $38 200 B $38 385 C $38 400 D $38 585

1 marks

Answer: D

This question in 0452/13 May/June 2020

10 What would not be included in a sales ledger control account? A cash sales recorded in the cash book B cheques received from credit customers recorded in the cash book C goods sold on credit recorded in the sales journal D irrecoverable debts written off recorded in the journal

1 marks

Answer: A

This question in 0452/11 Oct/Nov 2020

13 What is a purpose of preparing a sales ledger control account? A to identify irrecoverable debts B to make fraud more difficult C to provide the total owed to trade payables D to show the total of cash and credit sales

1 marks

Answer: B

This question in 0452/12 Oct/Nov 2020

14 George is preparing his purchases ledger control account. Which information would he obtain from his general journal? A contra entries with the sales ledger B goods returned to credit suppliers C irrecoverable debts written off D refunds received from credit suppliers

1 marks

Answer: A

This question in 0452/12 Oct/Nov 2020

10 What would not be included in a sales ledger control account? A cash sales recorded in the cash book B cheques received from credit customers recorded in the cash book C goods sold on credit recorded in the sales journal D irrecoverable debts written off recorded in the journal

1 marks

Answer: A

This question in 0452/13 Oct/Nov 2020

12 Raj is both a customer of and a supplier to Balbir. Raj’s account in Balbir’s sales ledger showed a debit balance of $300. There was a credit balance of $100 on Raj’s account in the purchases ledger. A contra entry between the two accounts was agreed. Which entry would Balbir make in his purchases ledger control account? A credit $100 B credit $200 C debit $100 D debit $200

1 marks

Answer: C

This question in 0452/12 Feb/March 2021

9 Which statement about a purchases ledger control account is not correct? A It acts as a check on the balance of the purchases account. B It includes transactions relating to all the credit suppliers. C It is prepared using information from the books of prime entry. D It provides proof of the arithmetical accuracy of the purchases ledger.

1 marks

Answer: A

This question in 0452/11 May/June 2021

10 Javid’s sales ledger control account had a debit balance of $12 000. Interest on an overdue account, $40, and discount allowed, $150, had been omitted. What was the correct balance on the sales ledger control account? A $11 810 B $11 890 C $12 110 D $12 190

1 marks

Answer: B

This question in 0452/11 May/June 2021

27 A trader who does not keep full accounting records was able to supply the following information. $ amount owed by trade receivables at 1 April 2020 3 000 cheques received from trade receivables during the year 28 000 cash discounts given to trade receivables 1 500 amount owed by trade receivables at 31 March 2021 4 200 How much were the credit sales for the year ended 31 March 2021? A $25 300 B $27 700 C $28 300 D $30 700

1 marks

Answer: D

This question in 0452/11 May/June 2021

4 Abdul buys all his machinery on credit. He provided the following information. at 30 April 2020 at 30 April 2021 $ $ machinery at cost 30 000 42 000 amounts owing to suppliers of machinery 19 000 ? During the year Abdul paid $25 000 to the suppliers of his machinery. How much did he owe them on 30 April 2021? A $6000 B $13 000 C $17 000 D $32 000

1 marks

Answer: A

This question in 0452/12 May/June 2021

13 What is included in a purchases ledger control account? A cash purchases B debts written off as irrecoverable C discount allowed D goods returned to credit suppliers

1 marks

Answer: D

This question in 0452/12 May/June 2021

14 Javid’s sales ledger control account had a debit balance of $12 000. Interest on an overdue account, $40, and discount allowed, $150, had been omitted. What was the correct balance on the sales ledger control account? A $11 810 B $11 890 C $12 110 D $12 190

1 marks

Answer: B

This question in 0452/12 May/June 2021

4 Abdul buys all his machinery on credit. He provided the following information. at 30 April 2020 at 30 April 2021 $ $ machinery at cost 30 000 42 000 amounts owing to suppliers of machinery 19 000 ? During the year Abdul paid $25 000 to the suppliers of his machinery. How much did he owe them on 30 April 2021? A $6000 B $13 000 C $17 000 D $32 000

1 marks

Answer: A

This question in 0452/13 May/June 2021

5 Shula’s financial year ends on 31 March. On 1 April 2021 there was a credit balance of $100 on Yasmin’s account in Shula’s purchases ledger. What does this mean? A Shula had paid $100 to Yasmin. B Shula owed $100 to Yasmin. C Yasmin had paid $100 to Shula. D Yasmin owed $100 to Shula.

1 marks

Answer: B

This question in 0452/13 May/June 2021

13 What is included in a purchases ledger control account? A cash purchases B debts written off as irrecoverable C discount allowed D goods returned to credit suppliers

1 marks

Answer: D

This question in 0452/13 May/June 2021

14 Javid’s sales ledger control account had a debit balance of $12 000. Interest on an overdue account, $40, and discount allowed, $150, had been omitted. What was the correct balance on the sales ledger control account? A $11 810 B $11 890 C $12 110 D $12 190

1 marks

Answer: B

This question in 0452/13 May/June 2021

12 What is a reason for preparing a sales ledger control account? A to calculate total sales revenue B to ensure trade receivables pay on time C to help prepare the income statement D to summarise the accounts of the trade receivables

1 marks

Answer: D

This question in 0452/11 Oct/Nov 2021

12 What is a reason for preparing a sales ledger control account? A to calculate total sales revenue B to ensure trade receivables pay on time C to help prepare the income statement D to summarise the accounts of the trade receivables

1 marks

Answer: D

This question in 0452/13 Oct/Nov 2021

14 Amit’s financial year ends on 31 December. The following account appeared in his sales ledger. Dipak account 2020 $ 2020 $ Jan 7 sales 3200 Jun 3 bank 1700 Oct 30 cash 230 Nov 21 ? 1270 3200 3200 What does the entry on 21 November represent? A an irrecoverable debt B discount allowed C the balance carried down D the recovery of a debt previously written off

1 marks

Answer: A

This question in 0452/13 Oct/Nov 2021

4 On 1 March, a business owed its suppliers $9500. During March, the following transactions took place. $ goods purchased on credit 10 000 goods returned to suppliers 200 cheques paid to suppliers 8 900 cash discounts received 100 How much did the business owe its suppliers on 31 March? A $800 B $1000 C $10 300 D $10 500

1 marks

Answer: C

This question in 0452/12 Feb/March 2022

13 Which item is debited in a sales ledger control account? A cash discount B contra entry C interest on overdue account D provision for doubtful debts

1 marks

Answer: C

This question in 0452/12 Feb/March 2022

14 Leroy provided the following information for May. $ May 1 balance owing to credit suppliers 420 31 credit purchases 590 returns to credit suppliers 110 cheques paid to credit suppliers 291 discount received from credit suppliers 9 interest charged by a credit supplier 5 What was the balance on his purchases ledger control account on 1 June? A $595 B $605 C $613 D $623

1 marks

Answer: B

This question in 0452/12 Feb/March 2022

3 Sarah sold goods on credit to Zafar. How was this recorded in Sarah’s ledgers? general ledger sales ledger A credit sales account debit Zafar account B debit sales account credit Zafar account C credit Zafar account debit sales account D debit Zafar account credit sales account

1 marks

Answer: A

This question in 0452/11 May/June 2022

12 Why is a sales ledger control account usually prepared by a different member of staff than the person who maintains the sales ledger? A to deter fraud B to locate errors C to provide an instant total of trade receivables D to speed production of financial statements

1 marks

Answer: A

This question in 0452/11 May/June 2022

13 Tamal provided the following information for March, his first month of trading. $ credit purchases 9100 credit purchases returned 322 total payments to credit suppliers 5358 During the month, Tamal overpaid a supplier by $94. He did not make any further purchases from this supplier in March. What were the balances on Tamal’s purchases ledger control account on 1 April? debit balance credit balance $ $ A 0 3420 B 0 3514 C 94 3420 D 94 3514

1 marks

Answer: D

This question in 0452/11 May/June 2022

2 The following ledger account appeared in the books of Leah, a trader. Amraz account $ $ April 26 purchases returns 150 April 1 balance b / d 2100 30 bank 1900 20 purchases 3000 discount 100 balance c / d 2950 ____ 5100 5100 Which statement is correct? A Amraz allowed Leah $100 trade discount on 30 April. B Amraz owed Leah $2100 on 1 April. C Leah owed Amraz $2950 on 30 April. D Leah’s net purchases from Amraz in April were $2900.

1 marks

Answer: C

This question in 0452/12 May/June 2022

9 Why is a sales ledger control account usually prepared by a different member of staff than the person who maintains the sales ledger? A to deter fraud B to locate errors C to provide an instant total of trade receivables D to speed production of financial statements

1 marks

Answer: A

This question in 0452/12 May/June 2022

10 What would be recorded on the credit side of a sales ledger control account? A cash refunded to credit customers B credit sales C interest charged on overdue accounts D sales returns

1 marks

Answer: D

This question in 0452/12 May/June 2022

3 Sarah sold goods on credit to Zafar. How was this recorded in Sarah’s ledgers? general ledger sales ledger A credit sales account debit Zafar account B debit sales account credit Zafar account C credit Zafar account debit sales account D debit Zafar account credit sales account

1 marks

Answer: A

This question in 0452/13 May/June 2022

9 Why is a sales ledger control account usually prepared by a different member of staff than the person who maintains the sales ledger? A to deter fraud B to locate errors C to provide an instant total of trade receivables D to speed production of financial statements

1 marks

Answer: A

This question in 0452/13 May/June 2022

10 What would be recorded on the credit side of a sales ledger control account? A cash refunded to credit customers B credit sales C interest charged on overdue accounts D sales returns

1 marks

Answer: D

This question in 0452/13 May/June 2022

14 A sales ledger control account included the following items. 1 discount allowed 2 dishonoured cheques 3 interest on overdue accounts 4 irrecoverable debts For which of these items was the information obtained from the general journal? A 1 and 2 B 1 and 3 C 2 and 4 D 3 and 4

1 marks

Answer: D

This question in 0452/11 Oct/Nov 2022

15 A sales ledger control account had a debit balance of $4000 on 1 August. During the month of August, credit sales totalled $50 000, sales returns from credit customers were $600 and discounts allowed were $400. The debit balance on the sales ledger control account on 1 September was $6000. What was the total amount received from credit customers in August? A $47 000 B $47 800 C $48 200 D $49 000

1 marks

Answer: A

This question in 0452/11 Oct/Nov 2022

14 A sales ledger control account included the following items. 1 discount allowed 2 dishonoured cheques 3 interest on overdue accounts 4 irrecoverable debts For which of these items was the information obtained from the general journal? A 1 and 2 B 1 and 3 C 2 and 4 D 3 and 4

1 marks

Answer: D

This question in 0452/13 Oct/Nov 2022

15 A sales ledger control account had a debit balance of $4000 on 1 August. During the month of August, credit sales totalled $50 000, sales returns from credit customers were $600 and discounts allowed were $400. The debit balance on the sales ledger control account on 1 September was $6000. What was the total amount received from credit customers in August? A $47 000 B $47 800 C $48 200 D $49 000

1 marks

Answer: A

This question in 0452/13 Oct/Nov 2022

6 In April, Meena sent Ralph invoices for $170, $240, $125 and a credit note for $63. In the same month, Ralph sent Meena a debit note for $70 and a cheque for $107. There was no opening balance on Meena's account at the start of April. What was the balance on Meena’s account in Ralph’s books on 1 May? A $295 credit B $295 debit C $365 credit D $365 debit

1 marks

Answer: C

This question in 0452/12 Feb/March 2023

13 Why is a sales ledger control account prepared? A to enable the income statement to be prepared quickly B to ensure that all ledger accounts are accurate C to provide a summary of transactions with credit customers D to show the amount due from each trade receivable

1 marks

Answer: C

This question in 0452/12 Feb/March 2023

14 Jason provided the following information. $ March 1 sales ledger control account balance 400 debit 31 credit sales 520 cheques received from trade receivables 300 bad debts written off 45 cheque received from a credit customer dishonoured 10 What was the debit balance on the sales ledger control account on 31 March? A $565 B $585 C $620 D $655

1 marks

Answer: B

This question in 0452/12 Feb/March 2023

13 Which statement about a sales ledger control account is not correct? A It assists in the location of errors. B It helps to deter fraud. C It prevents debts becoming irrecoverable. D It provides a quick total of trade receivables.

1 marks

Answer: C

This question in 0452/11 May/June 2023

14 The following partly completed account appeared in Candy’s ledger. Purchases ledger control account $ $ Dec 31 bank 42 000 Dec 1 balance b / d 720 discount received 600 31 purchases 48 000 The following entries still need to be made in the account. Interest of $15 was charged by credit suppliers for overdue payments. Balances owing in the purchases ledger totalling $450 were set off against balances in the sales ledger. What will be the closing balance on the purchases ledger control account after these entries are made? A $5655 B $5685 C $6555 D $6585

1 marks

Answer: B

This question in 0452/11 May/June 2023

12 Thembi is preparing her sales ledger control account. She needs to know: 1 the total for goods which have been returned by credit customers 2 the amount owed by credit customers which have been written off as irrecoverable. Where can she obtain this information? goods returned irrecoverable debts A purchase returns account irrecoverable debts account B purchase returns journal general journal C sales returns account irrecoverable debts account D sales returns journal general journal

1 marks

Answer: D

This question in 0452/12 May/June 2023

13 On 1 August, the sales ledger control account had a debit balance of $1800. During August, a debt of $200 was written off as irrecoverable and $10 000 was received from credit customers. On 31 August, the credit customers owed $3000. What was the total of credit sales in August? A $7200 B $11 200 C $11 400 D $11 600

1 marks

Answer: C

This question in 0452/12 May/June 2023

31 A trader did not keep a complete set of accounts. He provided the following information for the year. $ opening trade payables 5 000 closing trade payables 9 800 payments to credit suppliers 35 000 cash discounts received 3 000 What were the purchases for the year? A $30 200 B $36 800 C $39 800 D $42 800

1 marks

Answer: D

This question in 0452/12 May/June 2023

12 Thembi is preparing her sales ledger control account. She needs to know: 1 the total for goods which have been returned by credit customers 2 the amount owed by credit customers which have been written off as irrecoverable. Where can she obtain this information? goods returned irrecoverable debts A purchase returns account irrecoverable debts account B purchase returns journal general journal C sales returns account irrecoverable debts account D sales returns journal general journal

1 marks

Answer: D

This question in 0452/13 May/June 2023

13 On 1 August, the sales ledger control account had a debit balance of $1800. During August, a debt of $200 was written off as irrecoverable and $10 000 was received from credit customers. On 31 August, the credit customers owed $3000. What was the total of credit sales in August? A $7200 B $11 200 C $11 400 D $11 600

1 marks

Answer: C

This question in 0452/13 May/June 2023

14 Jane wished to make a contra entry between a sales ledger account and a purchases ledger account. The credit entry was made correctly but the debit entry was entered in the sales returns account in error. What was the effect of this error? A Total purchases ledger balances were overstated. B Total purchases ledger balances were understated. C Total sales ledger balances were overstated. D Total sales ledger balances were understated.

1 marks

Answer: A

This question in 0452/11 Oct/Nov 2023

4 The following ledger account was in Meena’s sales ledger. $ $ Jan 1 balance b / d 100 Jan 15 bank 100 Jan 31 balance c / d 20 Jan 30 sales returns 20 120 120 Feb 1 balance b / d 20 Which statement about the balance on 1 February in Meena’s books of account is correct? A It is an asset. B It is an expense. C It is a liability. D It is revenue.

1 marks

Answer: C

This question in 0452/12 Oct/Nov 2023

13 Why does a trader prepare a sales ledger control account? A to determine when interest should be charged on overdue accounts B to identify irrecoverable debts that should be written off C to locate incorrect postings in the sales ledger D to obtain totals to enter in the books of prime entry

1 marks

Answer: C

This question in 0452/12 Oct/Nov 2023

14 When preparing a sales ledger control account, what is the source of information for amounts received from credit customers? A bank statements B cash book C sales ledger accounts D statements of account

1 marks

Answer: B

This question in 0452/12 Oct/Nov 2023

30 Ahmed provided the following information. $ trade receivables at 1 January 2022 15 000 for the year ended 31 December 2022: credit sales 85 000 cash sales 12 000 cheques received from trade receivables 65 000 irrecoverable debts 2 000 By how much had the trade receivables increased by the end of the financial year? A $18 000 B $30 000 C $33 000 D $45 000

1 marks

Answer: A

This question in 0452/12 Oct/Nov 2023

14 Jane wished to make a contra entry between a sales ledger account and a purchases ledger account. The credit entry was made correctly but the debit entry was entered in the sales returns account in error. What was the effect of this error? A Total purchases ledger balances were overstated. B Total purchases ledger balances were understated. C Total sales ledger balances were overstated. D Total sales ledger balances were understated.

1 marks

Answer: A

This question in 0452/13 Oct/Nov 2023

12 What is not a reason for preparing a monthly sales ledger control account? A to carry out a check of each entry recorded in the trade receivables’ accounts in the sales ledger B to reduce fraud as the control account is completed by someone who has not been involved in writing up the sales ledger C to prove that the entries made in the sales ledger are arithmetically correct D to provide a summary of the trade receivables’ transactions during the month

1 marks

Answer: A

This question in 0452/12 Feb/March 2024

13 A sales ledger control account had a debit balance of $10 000. It was found that a $2000 contra entry to the purchases ledger control account had been entered on the wrong side of the sales ledger control account. What was the correct debit balance on the sales ledger control account? A $6000 B $8000 C $12 000 D $14 000

1 marks

Answer: A

This question in 0452/12 Feb/March 2024

12 What would not be included in a sales ledger control account? A cash sales recorded in the cash book B cheques received from credit customers recorded in the cash book C goods sold on credit recorded in the sales journal D irrecoverable debts written off recorded in the journal

1 marks

Answer: A

This question in 0452/11 May/June 2024

13 Nadia provided the following information for the month of July. $ 1 July sales ledger control account balance debit 1750 credit 215 For the month of July: total of sales journal 5500 total of sales returns journal 360 cheques received from credit customers 4840 irrecoverable debt written off 280 interest charged on credit account 5 There was no credit balance on the account on 1 August. What was the debit balance brought down on the sales ledger control account on 1 August? A $1550 B $1560 C $1980 D $1990

1 marks

Answer: B

This question in 0452/11 May/June 2024

12 A business keeps a complete set of books of accounts. What is not used as a source of information for making entries in control accounts? A cash book B general journal C purchases journal D sales ledger

1 marks

Answer: D

This question in 0452/12 May/June 2024

13 Which item would not appear in the purchases ledger control account? A contra entry B discounts received C interest charged D returns inwards

1 marks

Answer: D

This question in 0452/12 May/June 2024

12 A business keeps a complete set of books of accounts. What is not used as a source of information for making entries in control accounts? A cash book B general journal C purchases journal D sales ledger

1 marks

Answer: D

This question in 0452/13 May/June 2024

13 Which item would not appear in the purchases ledger control account? A contra entry B discounts received C interest charged D returns inwards

1 marks

Answer: D

This question in 0452/13 May/June 2024

13 What is an advantage of maintaining a purchases ledger control account? A It detects errors of omission. B It guarantees the accuracy of the ledgers. C It prevents fraud. D It shows how much is owed to suppliers.

1 marks

Answer: D

This question in 0452/11 Oct/Nov 2024

14 Raj is both a customer of and a supplier to Balbir. Raj’s account in Balbir’s sales ledger showed a debit balance of $300. There was a credit balance of $100 on Raj’s account in Balbir's purchases ledger. A contra entry between the two accounts was agreed. Which entry would Balbir make in his purchases ledger control account? A credit $100 B credit $200 C debit $100 D debit $200

1 marks

Answer: C

This question in 0452/11 Oct/Nov 2024

12 What is an advantage of preparing a monthly sales ledger control account? A It is necessary to prepare the income statement. B It helps to reduce the possibility of fraud . C It provides a check on the accuracy of trade payables’ accounts. D It shows the total of the cash sales and credit sales.

1 marks

Answer: B

This question in 0452/12 Oct/Nov 2024

13 A summary of Jim's cash book for the year included the following: $ total cheques paid to suppliers 3750 total discount received 65 Which entries are made in his purchases ledger control account? debit $ credit $ A bank 3750 discount received 65 B bank 3750 – – discount received 65 C – – bank 3750 discount received 65 D discount received 65 bank 3750

1 marks

Answer: B

This question in 0452/12 Oct/Nov 2024

13 What is an advantage of maintaining a purchases ledger control account? A It detects errors of omission. B It guarantees the accuracy of the ledgers. C It prevents fraud. D It shows how much is owed to suppliers.

1 marks

Answer: D

This question in 0452/13 Oct/Nov 2024

14 Raj is both a customer of and a supplier to Balbir. Raj’s account in Balbir’s sales ledger showed a debit balance of $300. There was a credit balance of $100 on Raj’s account in Balbir's purchases ledger. A contra entry between the two accounts was agreed. Which entry would Balbir make in his purchases ledger control account? A credit $100 B credit $200 C debit $100 D debit $200

1 marks

Answer: C

This question in 0452/13 Oct/Nov 2024

5 Dave supplies goods to Peter on credit. On 1 April, Peter owed Dave $440. During the month of April, Dave processed the following documents. $ April 7 invoice issued 360 12 cheque received (after Peter 429 deducted $11 cash discount) 13 debit note received 50 15 credit note issued 50 What was the closing balance on the statement of account issued by Dave to Peter on 30 April? A $260 B $310 C $321 D $421

1 marks

Answer: B

This question in 0452/12 Feb/March 2025

14 Which items are included in a sales ledger control account? 1 goods returned by credit suppliers 2 debts that have been written off as irrecoverable 3 goods sold for cash 4 cheques received from credit customers returned by the bank as dishonoured A 1, 2 and 3 B 1 and 3 only C 2, 3 and 4 D 2 and 4 only

1 marks

Answer: D

This question in 0452/12 Feb/March 2025

12 George is preparing his purchases ledger control account. Which information would he obtain from his general journal in order to do this? A contra entries with the sales ledger B goods returned to credit suppliers C irrecoverable debts written off D refunds received from credit suppliers

1 marks

Answer: A

This question in 0452/11 May/June 2025

13 Javid’s sales ledger control account had a debit balance of $12000. Interest of $40 on an overdue account and also discount allowed of $150 had been omitted. What was the correct balance on the sales ledger control account? A $11810 B $11890 C $12110 D $12190

1 marks

Answer: B

This question in 0452/11 May/June 2025

13 The cash book provides information for which control account item? A discount allowed to credit customers B interest charged on overdue accounts C irrecoverable debts written off D purchases returns

1 marks

Answer: A

This question in 0452/12 May/June 2025

12 George is preparing his purchases ledger control account. Which information would he obtain from his general journal in order to do this? A contra entries with the sales ledger B goods returned to credit suppliers C irrecoverable debts written off D refunds received from credit suppliers

1 marks

Answer: A

This question in 0452/13 May/June 2025

13 Javid’s sales ledger control account had a debit balance of $12000. Interest of $40 on an overdue account and also discount allowed of $150 had been omitted. What was the correct balance on the sales ledger control account? A $11810 B $11890 C $12110 D $12190

1 marks

Answer: B

This question in 0452/13 May/June 2025

4 An account in the purchases ledger of X Limited has a debit balance. What does this balance represent? A an amount owed by X Limited B an amount paid to X Limited C a prepayment made by X Limited D total purchases made by X Limited

1 marks

Answer: C

This question in 0452/12 Oct/Nov 2025

13 Natalie is both a customer of and a supplier to Gustav. On 28 June, Gustav’s account in Natalie’s purchases ledger had a credit balance of $295, and his account in Natalie’s sales ledger had a debit balance of $140. Gustav wishes to offset one amount against the other. Which entries will Gustav make in his control accounts? debit credit A purchases ledger control account $140 sales ledger control account $140 B purchases ledger control account $155 sales ledger control account $155 C sales ledger control account $140 purchases ledger control account $140 D sales ledger control account $155 purchases ledger control account $155

1 marks

Answer: A

This question in 0452/12 Oct/Nov 2025

14 Johnny prepared his sales ledger control account. The figures in it came from several different sources. Which statements are correct? 1 The source of the opening balance was the sales account. 2 The discount allowed was totalled in the three-column cash book. 3 The irrecoverable debts were posted from the general journal. A 1 and 2 B 1 and 3 C 2 and 3 D 3 only

1 marks

Answer: C

This question in 0452/12 Oct/Nov 2025

13 Which set of books of prime entry may be used as a source of information for preparing a sales ledger control account? A cash book, sales journal, general journal B cash book, sales returns journal, purchases journal, sales journal C purchases journal, general journal, petty cash book D purchases returns journal, sales returns journal, cash book, sales journal

1 marks

Answer: A

This question in 0452/13 Oct/Nov 2025

14 What is included in a purchases ledger control account? A cash purchases B debts written off as irrecoverable C discount allowed D goods returned to credit suppliers

1 marks

Answer: D

This question in 0452/13 Oct/Nov 2025