Gce Model Questions Vol1 2017 Financial Accounting Question 25

The Sales Ledger Control Account shows a closing debit balance of \(\text{₦}120,000\). The subsidiary ledger lists the following customer balances (debit):\n- Customer A: \(\text{₦}45,000\)\n- Customer B: \(\text{₦}30,000\)\n- Customer C: \(\text{₦}25,000\)\n- Customer D: \(\text{₦}15,000\)\nDuring the year, a credit note of \(\text{₦}5,000\) was issued to Customer B but was recorded only in the subsidiary ledger, not in the control account. Additionally, a payment of \(\text{₦}10,000\) received from Customer C was posted to the control account but omitted from the subsidiary ledger. After incorporating the missing entries, what is the adjusted balance of the Sales Ledger Control Account, and does it agree with the total of the subsidiary ledger balances? State the difference, if any.