Accounting 9706 · AS & A Level · Reconciliation and verification

Reconciliation and verification — practice question

For the year ending 31 December, a company has compiled the following data: opening balance on sales ledger control account $\$31000$; closing balance on sales ledger control account $\$35000$; discount allowed $\$2300$; credit sales $\$125400$. What amount of cash was received from the customers?

  • A$\$119100$
  • B$\$123700$
  • C$\$127100$
  • D$\$131700$

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