HomeAAT Qualification Test PrepQuestion 2 of 10
AAT Qualification Test PrepQuestion 2 / 10

The Receivables Control Account balance is £15,500. Calculate the adjusted control account balance using the discovered errors listed below. Error Description Amount Sales Day Book overcast £100 Sales return omitted from Control Account £50 Customer balance omitted from List of Balances £150

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Multiple choice — select the best answer
✓ Correct answer: A. £15,350 Start with £15,500. Deduct £100 for the Sales Day Book overcast and £50 for the omitted return. The list omission does not affect the control account. Adjusted balance: $$15,500 - 100 - 50 = 15,350$$.

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