Accounting 9706 · AS & A Level · Reconciliation and verification
Reconciliation and verification — practice question
Malik drew up a sales ledger control account for July 2023, but the balance on the control account failed to agree with the total of customers’ account balances in the sales ledger. He supplied the following information.
(a)[9]
Prepare the sales ledger control account for July 2023, allowing for the errors discovered. Dates are not needed.
(b)[4]
Prepare a schedule of the amended sales ledger account balances.
(c)[2]
State two limitations of preparing a control account.
Worked solution & mark scheme
This 15-mark question has a full step-by-step worked solution and mark scheme.