Accounting 9706 · AS & A Level · Reconciliation and verification

Reconciliation and verification — practice question

A company drew up a sales ledger control account, but its balance failed to match the total of the sales ledger balances, which were $42650$. The following errors were found. 1. An irrecoverable debt of $500$ shown in the general journal has not been entered in the sales ledger. 2. The sales journal has been added up wrongly and must be decreased by $750$. 3. The sales ledger control account includes the discount received of $400$. It ought to have been discount allowed, $600$. 4. Sales to J Brown, $640$, have not been posted in his account. What should the correct total of the sales ledger balances have been?

  • A$41700$
  • B$41840$
  • C$42510$
  • D$42790$

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