Accounting 0452 · IGCSE · Control accounts

Control accounts — practice question

A sales ledger control account showed a debit balance of $4000 on 1 August. In August, total credit sales amounted to $50\,000, sales returns from credit customers were $600 and discounts allowed came to $400. On 1 September, the sales ledger control account had a debit balance of $6000. What total amount was received from credit customers in August?

  • A$47\,000
  • B$47\,800
  • C$48\,200
  • D$49\,000

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