Which of the following is a debit item in the sales ledge...
Which of the following is a debit item in the sales ledger control account?
Cheque reciepts
Dishonoured cheques
Discount allowed
Bills receivable
Correct answer is D
The sales ledger control account is used to monitor the amounts owed by customers to your business. it contains transactions related to all the trade receivables (all the debtors) in the business,
Bills receivables are drawn when a vendor or seller makes any credit sale to the business.
Provision for depreciation on office furniture is charged to ...
Use the following information to answer the given question MANUFACTURING AND TRADING ACCOUNTS ...
\(\begin{array}{c|c} & N\\ \hline \text{Land and building} & 20,000\\ Stock & 5,000\\ \t...
The minimum number of persons required to form a partnership business is ...
Expenses accured at the end of the accounting year is treated in the balance sheets as ...
Given: Fixed assets N85,600 Sales N197,000 Stock N34,300 Salaries N37,000 Purchases N127,700 S...