Accounting · Ledger Reconciliation
An accountant is reconciling the Sales Ledger Control Account in the General Ledger with the total of individual balances in the Debtors Ledger. The control account shows an initial unadjusted balance of 2,50,000. The following errors are discovered: 1. The Sales Book was undercast by 10,000. 2. A credit sale of 5,000 to Mr. X was correctly entered in the Sales Book but posted as 500 to his individual account. 3. Sales returns of 2,000 from Mr. Y were completely omitted from the Sales Return Book. 4. A bad debt of 3,000 was written off in the individual customer ledger but not recorded in the control account. What is the correct Adjusted Control Account Balance?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 12,50,000
- 22,57,000
- 32,55,000✓
- 42,56,000
Correct answer
2,55,000
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