Control Accounts Quiz

#Accounting Quiz

Purchase Ledger Control Accounts Quiz Explained

Here is the working for Purchase Ledger Control Account according to the data in the quiz.

Particulars Dr. Cr. Balance
Balance b/d $10,000(Cr)
Purchases $15,000 $25,000(Cr)
Cash Paid to Creditors $12,000 $13,000(Cr)

The Correct Answer of this Purchase Ledger Control account quiz is $13,000 as closing balance.

Here the Customer’s debts written off & return inwards from customers are irrelevant as we are talking about purchase ledger control account & not the sales ledger control account.

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