Use the following information to answer the given questio...
Use the following information to answer the given question:
SALES LEDGER CONTROL ACCOUNT
1986N1986NJan.1Balance b/d1,300Jan.1Balance b/d8631sales7,630bank6,555dishonoured cheques250discount345stopped cheques100returns130balance c/d92Purchases ledger360balance c/d1,8969,3729,372Feb.1balance b/d1,896Feb.1balance b/d92
The amount of N7,630 represents
total credit sales
total of all the debtors of the firm
the total sales for the month
cash sales only
the double entry for the total of the sales account
Correct answer is A
No explanation has been provided for this answer.
A book that contains individual accounts of suppliers is the ...
The income and expenditure account differs from receipts and payments account because it ...
Shares are sold at less than nominal value. They are issued at a ...
A company goods sent to branch at invoiced price is ₦30,870 at cost plus 25%. The mark-up is &n...
The formular for calculating depreciation using straight line method is ...
The prime cost is the total of the? ...
Which of the following is not contained in sales ledger control account? ...
A unit of company's capital which can be bought is ...
In the consignee's record account, the accounting treatment of expenses paid for on behalf of th...
Which of the following is not part of cost of production? ...