The principal function of a sales ledger control account ...
The principal function of a sales ledger control account is to
Serve as internal check and provide quick information for the preparation of interim financial statements
Serve as external check and provide quick information for the preparation of interim financial statements
Provide quick information for the preparation of customers' statement
Provide information for the control of salesmen's activities
Correct answer is C
No explanation has been provided for this answer.
An item is fictitious because it ...
Use the following information to answer the given questions \(\begin{array}{c|c} & N \\ \hl...
Accounts can be classified into ...
Cash discount is often recorded on? ...
Cost classification in relation to charges is determined by the level of? ...
Trade debts amounting to N300 were written off. Which of the following would be affected? ...
Which of the following should be included in the adjusted cash book? ...