Debtors & Creditors Reconciliation is one of 9 topics in the Grade 10 Accounting CAPS syllabus, covered across 3 lessons on Study Vault. Below are real practice questions from this topic with full worked answers.
Sample practice questions
Easy
1. The Debtors Control account tracks:
The total amount owed by all debtors combined
The amount owed by only one specific debtor
The total amount the business owes to its suppliers
The business's total sales, cash and credit combined
Answer: The total amount owed by all debtors combined — Debtors Control is a single General Ledger account summarising the total owed by every debtor combined, while individual amounts are tracked separately in the Debtors Ledger.
Easy
2. Total credit sales for the period, posted from the Debtors Journal, cause Debtors Control to:
Increase (debit)
Decrease (credit)
Stay exactly the same
Be closed off to zero
Answer: Increase (debit) — Credit sales increase the amount owed by debtors, so they are posted as a debit (increase) to Debtors Control.
Medium
3. Which of the following decreases the Debtors Control balance?
Receipts from debtors
Credit sales made during the period
Interest charged on an overdue debtor account
Opening balance of Debtors Control
Answer: Receipts from debtors — Receipts from debtors reduce what they owe, decreasing Debtors Control; credit sales and interest charged both increase it instead.
