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 general ledger 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

This error occurs when the total of individual customer account balances in the accounts receivable ledger does not match the balance of the Accounts Receivable controlling account in the general ledger. It indicates that some transactions have not been recorded or have been recorded incorrectly in either the accounts receivable ledger or the general ledger.

After Posting Is Completed, There May Be an Error If