* 0000800000008 *

DO NOT WRITE IN THIS MARGIN

8
,










,

2 Alex owns a wholesale business purchasing and selling goods on cash and on credit. Control
accounts are used to check the accuracy of the individual purchases and sales ledger accounts.

The following information is available for September 2024.

1 Sales ledger account balances on 1 September 2024:

$
Amounts owed by customers 64 280
Amount overpaid by one customer 215

DO NOT WRITE IN THIS MARGIN

2 Totals from the books of prime entry:

$
Cash book
Cash sales 15 230
Receipts from credit customers 196 380
Discounts allowed 2 440
Refund of overpayment 215

DO NOT WRITE IN THIS MARGIN

Sales journal 188 740
Sales returns journal 2 560
General journal
Contras to purchases ledger 1 150

(a) Prepare the sales ledger control account for September 2024.

Sales ledger control account

DO NOT WRITE IN THIS MARGIN

$ $

DO NOT WRITE IN THIS MARGIN

[8]

ĬÙĊ®Ġ´íÈõÏĪÅĊÝùµĀ×
© UCLES 2024 ĬÝÞûÏīĕćÚôýÒÆÚøÂėĂ
ĥõåÕõÕåõąąĥÅŵŵÕÕ
9706/23/O/N/24
 * 0000800000009 *
DO NOT WRITE IN THIS MARGIN

9
,










,

Additional information

On 30 September 2024 the following information was available relating to trade payables.

$
Total of balances in the purchases ledger 41 350
Balance of the purchases ledger control account 40 592

The following errors were discovered. When corrected the balance of the purchases ledger control
DO NOT WRITE IN THIS MARGIN

account agreed with the total of the balances of the purchases ledger.

1 The total of the purchases returns journal, $1 560, had been entered in the purchases ledger
control account as $1 650.

2 The balance of a trade payables account had been overstated by $80.

3 A refund of $320 to a credit supplier had been recorded correctly in the cash book but posted
to the credit side of the supplier’s account.

4 The total of the discounts received column in the cash book had been understated by $68.

5 Interest charged by a supplier on an overdue account, $16, had been omitted from the
purchases ledger control account.
DO NOT WRITE IN THIS MARGIN

(b) (i) Calculate the corrected total of balances in the purchases ledger.

$
Original total 41 350

Corrected total
DO NOT WRITE IN THIS MARGIN

[3]

(ii) Calculate the corrected balance of the purchases ledger control account.

$
Original balance 40 592
DO NOT WRITE IN THIS MARGIN

Corrected balance
[4]

[Total: 15]

ĬÛĊ®Ġ´íÈõÏĪÅĊÝûµĀ×
© UCLES 2024 ĬÝÝü×ĝę÷ßĆôėĒâäÂħĂ
ĥõÕĕµµÅĕĕõµÅÅÕåõÅÕ
9706/23/O/N/24 [Turn over