A-LevelAccountingReconciliation and verification9706/12 · May/June 2019 · Q61 Mark
On 31 December 2018, a business had the following balances. | | $ | |:---|:---| | sales ledger | 12800 | | sales ledger control account | 15200 | Which error explains the difference between the two figures?
Acredit balance of $1200 was brought forward as a debit balance in the sales ledger control account.
BAn irrecoverable debt of $2400 was omitted in a customer's personal account in the sales ledger.
CPurchases returns, $1200, were wrongly entered on the debit side of the sales ledger control account.
DSales returns, $1200, were entered twice in a customer's personal account in the sales ledger.
✓ Correct answer
A: credit balance of $1200 was brought forward as a debit balance in the sales ledger control account.
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