Accounting 9706 · AS & A Level · Reconciliation and verification

Reconciliation and verification — practice question

A company’s sales ledger control account showed a debit balance of $125000$. The following errors were then found: 1. A bad debt of $800$ had not been recorded in the sales ledger control account. 2. An increase of $500$ was needed in the provision for doubtful debts. 3. The sales journal had been overcast by $1000$. What was the total of the balances in the sales ledger?

  • A$122700$
  • B$123200$
  • C$124000$
  • D$125200$

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