Accounting 9706 · AS & A Level · Reconciliation and verification

Reconciliation and verification — practice question

The sales ledger control account showed a balance of $21500. This was not consistent with the combined balances of the sales ledger accounts. It was then found that a credit note worth $200 issued to a credit customer had been entered on the debit side of that customer’s account. What was the total of the balances in the business’s sales ledger before the error was corrected?

  • A$21100
  • B$21300
  • C$21700
  • D$21900

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