Gce Model Questions Vol1 2017 Financial Accounting Question 9
Practice objective / multiple choice question 9 from the 2017 Gce Model Questions Vol1 Financial Accounting examination.
The Sales Ledger Control Account has an opening debit balance of \(£5{,}000\). During the year credit sales amounted to \(£48{,}000\) and cash received from customers recorded in the control account is \(£42{,}500\). The subsidiary ledger shows that Customer A owes \(£2{,}300\) (debit). What is the total balance of all other customers in the subsidiary ledger at year‑end?
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About This Question
This is Gce Model Questions Vol1 2017 Financial Accounting Question 9. It is one of the objective questions from the 2017 Gce Model Questions Vol1 Financial Accounting examination.
Difficulty level: Medium .
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