Accounting 9706 · AS & A Level · Reconciliation and verification
Reconciliation and verification — practice question
Martina has drawn up the sales ledger control account shown below for August 2021. All sales are made on credit. Martina then compiled a list of all customer account balances at 31 August 2021 amounting to $10020$. She found that the records contained the following mistakes.
(a)[6]
Prepare a revised sales ledger control account.
(b)[4]
Prepare an amended list of sales ledger balances so that it agrees with the amended sales ledger control account balance in part (a).
(c)[2]
Explain how preparing a sales ledger control account helps to prevent fraud.
(d)[3]
State three types of error that a sales ledger control account will not identify.
Worked solution & mark scheme
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