A-LevelAccountingControl AccountsOct/Nov 2017Paper 1 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
The correct answer is D. This question tests the candidate's understanding of control accounts within the Accountingsyllabus. The examiner's mark scheme requires...
📋 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...
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