Accounting 9706 · AS & A Level · Reconciliation and verification

Reconciliation and verification — practice question

A business’s sales ledger control account showed a closing balance of $21\,650$. This figure did not match the total of the sales ledger balances. The following mistakes were found. Discount allowed of $1\,460$ was recorded on the debit side of the sales ledger control account. A sales invoice for $1\,200$ sent to J Ravi had been entered in J Rajid’s account. A contra to the purchase ledger had been entered correctly in the sales ledger as $600$ but was shown in the sales ledger control account as $900$. What is the correct balance of the sales ledger control account?

  • A$19\,030$
  • B$20\,490$
  • C$24\,870$
  • D$25\,770$

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