Accounting Account Quiz

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  • Created by: Yossy
  • Created on: 02-02-23 10:08

1. CDP Ltd has sold £6000 of goods to a customer, RCS Ltd, offeing 8% bulk settlement discount
and 2.5% early settlement discount if paid within 10 days. The customer settled the invoice on
day11.
Task – calculate the amount RCS Ltd will pay CDP Ltd?

  • £5520
  • £5382
  • £7160
  • £6000
1 of 8

Other questions in this quiz

2. BRQ Ltd has the following infomation for the month:
opening purchase ledger credit balances £35687
opening purchase ledger debit balances £202
purchases from credit account suppliers £19,234
Cash purchases £358
interest charged on overdue account £38
paym

  • £36,086
  • £35,728
  • £36,010
  • £35,652

3. PRC Ltd has the following infomation for the month:
sales ledger debit balances £67,243
credit sales £45,220
sales retuns £653
receipts from credit customers £43,259
discounts allowed £356
irecoverable debt £442.
Task – calculate the closing balance for t

  • £69,059
  • £67,753
  • £68,465
  • £68,637

4. . KT Ltd has the following infomation for the month:
sales ledger debit balances £48,923
credit sales £32,453
Cash sales £2353
sales retuns £172
discounts allowed £92
receipts from credit customers £29,267
retuned (dishonoured) cheque received from credit

  • £53,752
  • £54,644
  • £52,291
  • £51,399

5. 1. VDR Ltd has the following infomation for the month.
Purchase ledger credit balances £28,267
credit purchases £16,276
purchase retuns £893
payments to credit suppliers £30,123
discounts received £276.
Task – calculate the closing balance for the trade p

  • £13,803
  • £15,037
  • £13,251
  • £40,945
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