Accounting for AQA: Part 1: Chapter 11

Question 1 Introduction

The items which are involved in the purchases ledger control account often include: credit purchases, payments to suppliers, purchases returns and cash discount received.

Question 1

A control account is a master account which controls a number of ledger accounts, for example the sales ledger control account controls the trade receivables' accounts in the sales ledger.

True

False

Question 2

The balance of a control account should equal the balances of the ledger accounts.

True

False

Question 3

The use of a sales ledger control account means that the balances of the trade receivables' accounts do not then have to be checked.

True

False

Question 4

The items which are involved in the sales ledger control account often include: credit sales, receipts from customers, purchases returns, cash discount allowed and irrecoverable debts written off.

True

False

Question 5

The items which are involved in the purchases ledger control account often include: credit purchases, payments to suppliers, purchases returns and cash discount received.

True

False

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Accounting for AQA: Part 1: Chapter 11

Page 1 of 2 - There are 10 questions in total.

Question 1 Introduction

Question 1

A control account is a master account which controls a number of ledger accounts, for example the sales ledger control account controls the trade receivables' accounts in the sales ledger.

Question 2

The balance of a control account should equal the balances of the ledger accounts.

Question 3

The use of a sales ledger control account means that the balances of the trade receivables' accounts do not then have to be checked.

Question 4

The items which are involved in the sales ledger control account often include: credit sales, receipts from customers, purchases returns, cash discount allowed and irrecoverable debts written off.

Question 5

The items which are involved in the purchases ledger control account often include: credit purchases, payments to suppliers, purchases returns and cash discount received.

AAT Q2022 Books

Accounting for AQA: Part 1: Chapter 11

Page 1 of 2 - There are 10 questions in total.

Question 1 Introduction

Question 1

A control account is a master account which controls a number of ledger accounts, for example the sales ledger control account controls the trade receivables' accounts in the sales ledger.

Question 2

The balance of a control account should equal the balances of the ledger accounts.

Question 3

The use of a sales ledger control account means that the balances of the trade receivables' accounts do not then have to be checked.

Question 4

The items which are involved in the sales ledger control account often include: credit sales, receipts from customers, purchases returns, cash discount allowed and irrecoverable debts written off.

Question 5

The items which are involved in the purchases ledger control account often include: credit purchases, payments to suppliers, purchases returns and cash discount received.