Accounting 9706 · AS & A Level · Reconciliation and verification

Reconciliation and verification — practice question

A business keeps control accounts as part of the double entry system. On 31 December, the $23 400 balance in the sales ledger control account did not match the combined total of the individual sales ledger balances. The following errors were found. 1. A sales invoice for $1800 had been recorded in the sales journal as $1880. 2. A discount allowed of $200 to a customer had not been entered. 3. Sales of $1200 had been posted to the incorrect side of a customer's account. What is the correct balance in the sales ledger control account at 31 December?

  • A$23 120
  • B$23 520
  • C$25 520
  • D$25 600

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