Accounting 9706 · AS & A Level · Reconciliation and verification

Reconciliation and verification — practice question

The sales ledger control account for a business had a balance of $14320$. A customer, who is owed $1000$, has also provided the business with goods worth $400$. This amount was set off against the sum owed by the customer. What was the balance on the sales ledger control account after the set-off?

  • A$13720$
  • B$13920$
  • C$14720$
  • D$14920$

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