Gce Model Questions Vol1 2021 Financial Accounting Question 1
Practice objective / multiple choice question 1 from the 2021 Gce Model Questions Vol1 Financial Accounting examination.
The Purchases Ledger Control Account for the year ended 31 March shows an opening debit balance of \(£5,000\). During the year the following items were recorded: cash purchases \(£2,000\), purchase returns \(£500\), payments to suppliers \(£6,000\), and an unknown total of credit purchases. The closing balance is a debit of \(£3,000\). Determine the total amount of credit purchases for the period.
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About This Question
This is Gce Model Questions Vol1 2021 Financial Accounting Question 1. It is one of the objective questions from the 2021 Gce Model Questions Vol1 Financial Accounting examination.
Difficulty level: Medium .
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