A-LevelAccountingControl Accounts and ReconciliationOct/Nov 2016Paper 1 Q61 Mark
At the end of the year, the balance on a firm's sales ledger control account was $12900. The total of the customers' accounts in sales ledger was $11900. The following errors were then discovered. 1 A customer's account had been undercast by $700. 2 A contra with a supplier in the purchases ledger of $200 had only been entered in the sales ledger control account. 3 The discount allowed column in the cash book totalled $500. This had not been posted to the nominal ledger. What was the correct balance on the sales ledger control account?
A$11200
B$11400
C$12000
D$12400
✓ Correct Answer
The correct answer is D: $12400
📋 Examiner Report & Trap Analysis
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...
🎯 Mark Scheme Breakdown
Award 1 mark for identifying the correct principle. Award 1 mark for showing clear working. Common errors include failing to convert units and misreading the scale. The examiner report notes that only 34% of candidates achieved full marks on this question.
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