Accounting 9706 · AS & A Level · Reconciliation and verification

Reconciliation and verification — practice question

A sales ledger control account displayed a debit balance of $15000$. The errors below were then found. 1. Returns outwards, $200$, had been entered on the credit side of the sales ledger control account. 2. A contra entry with the purchases ledger control account, $400$, had been posted on the debit side of the sales ledger control account. 3. A customer balance of $300$ had been written off in the sales ledger control account, but no entry had been made in the sales ledger. What figure for trade receivables ought to be shown in the statement of financial position?

  • A$14400$
  • B$15200$
  • C$15600$
  • D$15700$

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