Accounting 9706 · AS & A Level · The accounting system

The accounting system — practice question

All sales made by a business are on credit. At the close of July, the balance on its sales ledger control account was $20 000. In August, these transactions were entered. credit sales: $150 000 receipts from credit customers: $135 000 returned cheques: $5 000 returns inwards: $11 000 What balance was on the sales ledger control account at the end of August?

  • A$11 000
  • B$19 000
  • C$29 000
  • D$30 000

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