A firm’s list of debtor balances. which totalled £39,150 did not agree with its debtors ledger control account.
Upon investigation, the following errors were discovered:
- A credit balance of £70 on one debtor’s account in the sales ledger had been listed as a debit balance.
- A debit balance of £40 on another debtor’s account in the sales ledger had been listed as a credit balance.
- The list of balances had been overcast by £60
The correct debit balance brought down on the debtors ledger control account is?
Select ONE answer:
- £30,030
- £39,060
- £39,150
- £39,210
Show your workings to arrive at your answer, and explain and justify your reasons:
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This multiple-choice question is suitable for Accounting KS5 classes.
The answer is 1
- Correct – £39,150 – (£70 x 2) + (£40 x 2) – £60 = £39,030
- Not correct
- Not correct
- Not correct
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