Accounting Multiple Choice Question – 7 January 2023

The home of multiple choice questions for all your KS3, KS4 and KS5 Business Studies, Economics and Accounting requirements.

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The balance on a sales ledger control account is £40,000.

The following items are then discovered:

  • total of sales day book understated – £500
  • discounts allowed not entered in sales ledger control account – £1,200
  • bad debts written off not recorded in sales ledger control account – £400
  • provision for doubtful debts – £2,500

What is the total of the balances in the sales ledger?

Select ONE answer:

  1. £37,900
  2. £38,600
  3. £38,900
  4. £41,100

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 3

  1. Not correct
  2. Not correct
  3. Correct = £40,000 – £1,200 – £400 + £500
  4. Not correct

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