Accounting 9706 · AS & A Level · Reconciliation and verification

Reconciliation and verification — practice question

A business’s sales ledger control account showed a debit balance of $26400. This was not the same as the total of the sales ledger balances. The following entries had been recorded in the sales ledger accounts, but were missing from the sales ledger control account. 1. a contra item, $340 2. discount allowed, $56 3. dishonoured cheque, $62 4. irrecoverable debt written off, $438 What was the correct balance on the sales ledger control account?

  • A$25504
  • B$25628
  • C$26066
  • D$26308

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