Cambridge IGCSE · Accounting (0452)

Control accounts: Practice Questions

3 multiple-choice questions marked as you go, and 3 written questions with worked solutions. All on Control accounts.

6 questions15 marksFree, no account

Question 1

1 mark

What is a primary purpose of preparing a Purchases Ledger Control Account?

Question 2

1 mark

Which of the following would result in a debit entry in the Purchases Ledger Control Account?

Question 3

1 mark

What is the primary purpose of maintaining a Sales Ledger Control Account?

Question 4

4 marks

During an accounting period, a company received a credit note from a supplier for goods returned and also identified an entry in its cash book for a cheque payment made to a supplier that was subsequently dishonoured by the bank. Explain how these two transactions would affect the Purchases Ledger Control Account.

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Question 5

3 marks

Control accounts are used by many businesses as a means of verifying accounting records.
(a) State two purposes of preparing a Sales Ledger Control Account.
(b) Identify the book of prime entry used to obtain the total for 'Sales Returns' in the control account.

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Question 6

5 marks

Amina is a trader who maintains a Sales Ledger Control Account. On 1 April 2024, the debit balance was $\$12,400$.

(a) Identify the book of prime entry used to provide the total for each of the following in the Sales Ledger Control Account:
(i) Interest charged on overdue accounts.
(ii) Contra entries with the purchases ledger.

(b) During April 2024, the following transactions occurred:
- Total credit sales: $\$15,200$
- Sales returns: $\$850$
- Cash and cheques received from credit customers: $\$13,100$
- A cheque received from a customer, $\$240$, was dishonoured by the bank.
- Amina issued a refund of $\$110$ by cheque to a customer who had previously overpaid.

Calculate the debit balance on the Sales Ledger Control Account at 30 April 2024.

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