O-LevelAccountingVerification of accounting records7707/11 · Oct/Nov 2012 · Q201 Mark

The debit balance on the sales ledger control account on 1 August was $8260. The total of the sales journal on 31 August was $26 840 and the total of the sales returns journal $1220. The cash book for August showed receipts from credit customers of $22 000. What was the balance on the sales ledger control account on 31 August?

A$2200

B$4640

C$11 880

D$14 320

✓ Correct answer

C: $11 880

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Topic: Verification of accounting records, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, Oct/Nov 2012 Paper 1 Variant 1, question 20.

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