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.
The use of the folio in the ledger is for ...
What is the balance of the bank account shown above? ...
i. Direct materials ii.Direct labour iii.Direct expenses iv. Factory expenses Prime cost consi...
A limitation of the money measurement concept is that ...
Which of the following is not true of a partnership business without written agreement? ...
\(\begin{array}{c|c} \text{Net profit} & 60,000 \\ \hline \text{Total assets} & 520,000 \\ \...
Determine the owners equity ...
Hussaina Enterprises sent goods worth #800,000 at cost plus mark-up of 20% to its branch What is ...