Gce Model Questions Vol1 2025 Financial Accounting Question 23
Practice objective / multiple choice question 23 from the 2025 Gce Model Questions Vol1 Financial Accounting examination.
XYZ Ltd maintains a Purchases Ledger Control Account. The control account shows: Opening balance Cr \(25{,}000\); Purchases during the period Cr \(48{,}000\); Returns to suppliers Dr \(3{,}200\); Payments made Dr \(30{,}500\); Closing balance Cr \(39{,}300\). The subsidiary ledger of individual creditors lists the following opening balances and transactions: Opening balances (Cr): A \(8{,}000\), B \(6{,}500\), C \(5{,}000\), D \(4{,}200\), E \(1{,}300\). Purchases allocated during the period (Cr): A \(10{,}000\), B \(12{,}000\), C \(9{,}000\), D \(8{,}000\), E \(9{,}000\). Returns: only from B, amount \(3{,}200\). Payments made totalling \(30{,}500\) were paid as follows: A \(12{,}000\), D \(8{,}500\), E \(5{,}000\) and the remainder to Creditor C. What amount was paid to Creditor C during the period?
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About This Question
This is Gce Model Questions Vol1 2025 Financial Accounting Question 23. It is one of the objective questions from the 2025 Gce Model Questions Vol1 Financial Accounting examination.
Difficulty level: Medium .
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