A-LevelAccountingReconciliation and verification9706/12 · May/June 2024 · Q101 Mark
A trade payable for $720 transferred from the purchases ledger has been entered on the wrong side of the sales ledger control account. The sales ledger control account has a closing balance of $92460 before correcting the transfer. An allowance for irrecoverable debts of $1000 is to be made. What is the correct balance on the sales ledger control account?
A$90 020
B$91 020
C$91740
D$92 180
✓ Correct answer
B: $91 020
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