Day: September 29, 2023

A trade payable for £720 transferred from the purchases ledger has been entered on the wrong side of the sales ledger control account.

The sales ledger control account has a closing balance of £92,460, before correcting the transfer.

A provision for doubtful debts of £1,000 is to be made.

What is the correct balance on the sales ledger control account?

Select ONE answer:

1. £90,020
2. £91,020
3. £91,740
4. £92,180

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 2

1. Not correct
2. Correct – £92,460 – £720 – £720
3. Not correct
4. Not correct

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