A-LevelAccountingReconciliation and verification9706/12 · Oct/Nov 2017 · Q61 Mark
A sales ledger control account had a debit balance of $38600. The total of individual sales ledger debit balances was $36500. The only errors found were as follows. An irrecoverable debt had been recorded in the ledger of Smith but not the control account. The sales journal was undercast by $1500. A contra of $1750 had been correctly recorded in the control account but only $1250 recorded in the ledgers. What was the value of the irrecoverable debt?
A$100
B$1100
C$3100
D$4100
✓ Correct answer
D: $4100
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