A-LevelAccountingControl AccountsOct/Nov 2019Paper 1 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
The correct answer is D. This question tests the candidate's understanding of control accounts within the Accountingsyllabus. The examiner's mark scheme requires...
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Common mistake: 62% of candidates selected the distractor because they confused... The examiner specifically designed this question to test whether students can differentiate between... To secure full marks, candidates must demonstrate...
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