Accounting Multiple Choice Question – 16 March 2020

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:

1. £30,030
2. £39,060
3. £39,150
4. £39,210

Show your workings to arrive at your answer, and explain and justify your reasons:

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple-choice question is suitable for Accounting KS5 classes.

The answer is 1

1. Correct – £39,150 – (£70 x 2) + (£40 x 2) – £60 = £39,030
2. Not correct
3. Not correct
4. Not correct

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Author: stuart001uk2014

Referral marketing, business, economics and accounting s​pecialist & corporate mentor View all posts by stuart001uk2014