Gce Model Questions Vol1 2021 Financial Accounting Question 14
Practice objective / multiple choice question 14 from the 2021 Gce Model Questions Vol1 Financial Accounting examination.
The sales ledger control account shows a closing balance of £85,000 at 31 March. The subsidiary ledger contains the following outstanding customer balances: A £22,000, B £18,500, C £15,000, D £12,500 and E £17,200. A credit note of £2,300 issued to customer C was omitted from the control account but correctly recorded in the subsidiary ledger, reducing C's balance to £12,700. After adjusting for this omission, what should be the corrected balance of the sales ledger control account?
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About This Question
This is Gce Model Questions Vol1 2021 Financial Accounting Question 14. It is one of the objective questions from the 2021 Gce Model Questions Vol1 Financial Accounting examination.
Difficulty level: Medium .
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