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A-LevelAccountingReconciliation and verification9706/12 · Oct/Nov 2019 · Q51 Mark

A company prepared a sales ledger control account. The balance did not agree with the total of the sales ledger balances, which were $42650. The following was discovered. 1 An irrecoverable debt of $500 in the general journal has not been recorded in the sales ledger. 2 The sales journal has been incorrectly added and must be reduced by $750. 3 The sales ledger control account includes the discount received of $400. It should have been discount allowed, $600. 4 Sales to J Brown, $640, have not been entered in his account. What was the correct total of the sales ledger balances?

A$41700
B$41840
C$42510
D$42790

✓ Correct answer

D: $42790

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About this question

Topic
Reconciliation and verification, A-Level Accounting (syllabus 9706). Multiple choice, 1 mark.
Source
A-Level Accounting, Oct/Nov 2019 Paper 1 Variant 2, question 5.

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