After posting is completed, there may be an error if
A)The sum of the accounts receivable ledger does not equal the balance in the sales account.
B)The balance in the sales journal does not equal the accounts receivable controlling account balance.
C)The sum of the customer account balances does not equal the accounts receivable controlling account balance.
D)The sum of the customer account balances does not equal the total in the sales journal.
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 always equal the accounts receivable controlling account balance. If there is a discrepancy, it could indicate an error in posting or recording transactions, and further investigation is required. Options A, B, D, and E describe other possible errors, but they are not the most likely in this scenario.

After Posting Is Completed, There May Be an Error If