This test includes: Accounting Equation, debit or credit balances, opening General Ledger and Creditors Ledger accounts with given balances and totals from Journals, creditors' information, Creditors Allowances Journal, completing the Creditors Control account, influences of transactions on the Accounting Equation, practical application of completing General Ledger and Creditors Ledger.
(9 pages with questions, detailed memo with explanations in blue at the end)