After posting is completed,there may be an error if:
A)The sum of the customer account balances does not equal the total in the sales journal.
B)The sum of the accounts receivable ledger does not equal the balance in the Sales account.
C)The sum of the customer account balances does not equal the Accounts Receivable controlling account balance.
D)The balance in the sales journal does not equal the Accounts Receivable account balance.
E)The sum of the accounts receivable ledger does not equal the balance in the sales journal.

Question

Quizplus · Accepted Answer

The sum of the customer account balances should equal the Accounts Receivable controlling account balance. This ensures that all sales have been recorded and that there are no discrepancies between the ledger and the general ledger. The other options suggest errors in the recording or posting of sales, but C is the best answer as it reflects an error in the overall balancing of the Accounts Receivable accounts.

After Posting Is Completed,there May Be an Error If