9706/12 Accounting March 2024 Online Test | Cambridge AS & A Level MCQ

The purchases ledger control account for a business shows a closing balance of $7640.
The following items were then discovered.
1- A purchase invoice for $250 had been entered in the purchases ledger but not in the purchases journal.
2- A sales ledger contra of $630 had not been entered.
3- A supplier’s account with a debit balance of $70 had been omitted from the control account.
4- Returns inwards of $540 had been entered on the debit side of the control account.
What…