Question: Besides the balance brought down, which is correct, the following sales ledger control account contains some errors: Balance bid Set off Discounts received Bad debt

 Besides the balance brought down, which is correct, the following sales

ledger control account contains some errors: Balance bid Set off Discounts received

Besides the balance brought down, which is correct, the following sales ledger control account contains some errors: Balance bid Set off Discounts received Bad debt Cheques received SLCA a. $3,060 b. $19,720 c. $20,500 d. $8,500 41,500 1,200 780 Dishonoured cheque Payments to suppliers Credit sales Cash received 6,000 22,000 32.480 164.480 What is the closing balance in the SLCA after all the errors have been corrected? 85,100 18,900 1,000 120.000 Balance cid 164.480 Time left 0:55:02

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!