Accounting Multiple Choice Question – 22 May 2024

Which of the following is an error in only the receivables ledger, not the control account?

Select ONE answer:

1. Invoice omitted from the sales day book
2. Transposition error in posting to the receivables ledger from the sales day book
3. Transposition error in filling in the sales day book from an invoice sent out
4. Miscasting the total of the sales day book

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. Notcorrect
2. Correct –> Transposition error in posting to the receivables ledger from the sales day book (2). In (1) and (3) both the ledger and the control account will be affected. In (4) only the control account would be affected.
3. Not correct
4. Not correct

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