Control accounts — Paper 1 · IGCSE Accounting (9-1) 0985

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 0985/11 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 0985/11 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 0985/12 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 0985/12 May/June 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 0985/12 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 0985/12 Oct/Nov 2020

4 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 0985/11 May/June 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 0985/11 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 0985/11 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 0985/12 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 0985/12 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 0985/12 May/June 2021

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 0985/11 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 0985/11 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 0985/12 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 0985/12 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 0985/12 May/June 2022

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 0985/11 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 0985/11 May/June 2023

4 What does the sales ledger of a business contain? A accounts of trade payables B accounts of trade receivables C sales account D sales ledger control account

1 marks

Answer: B

This question in 0985/12 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 0985/12 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 0985/12 May/June 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 0985/12 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 0985/12 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 0985/12 Oct/Nov 2023

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 0985/11 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 0985/11 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 0985/12 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 0985/12 May/June 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 0985/12 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 0985/12 Oct/Nov 2024

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 0985/11 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 0985/11 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 0985/12 May/June 2025