Accounting 0452 · IGCSE · Control accounts

Control accounts — practice question

On 1 August, a sales ledger control account showed a debit balance of $4000. Over August, total credit sales amounted to $50000, sales returns from credit customers came to $600, and discounts allowed were $400. At 1 September, the sales ledger control account had a debit balance of $6000. What total was received from credit customers during August?

  • A$47000
  • B$47800
  • C$48200
  • D$49000

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