Accounting 9706 · AS & A Level · Reconciliation and verification

Reconciliation and verification — practice question

The sales ledger control account shows a closing balance of $21000. A contra entry of $700 with the purchases ledger control account was then found to have been posted to the incorrect side of the sales ledger control account. Calculate the correct balance on the sales ledger control account.

  • A$19600
  • B$20300
  • C$21700
  • D$22400

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