A-LevelAccountingReconciliation and verification9706/12 · May/June 2020 · Q71 Mark

A sales ledger control account has a closing balance of $21000. It was discovered that a contra entry with the purchases ledger control account for $700 had been incorrectly entered on the wrong side of the sales ledger control account. What was the correct sales ledger control account balance?

A$19600

B$20300

C$21700

D$22400

✓ Correct answer

A: $19600

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Topic: Reconciliation and verification, A-Level Accounting (syllabus 9706). Multiple choice, 1 mark.
Source: A-Level Accounting, May/June 2020 Paper 1 Variant 2, question 7.

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A sales ledger control account has a closing balance of $21000. It was discovered that a contra entry with the purchases ledger control account for $700 had been incorrectly entered on the wrong side of the sales ledger control account. What was the correct sales ledger control account balance?

✓ Correct answer

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