Question on: JAMB Accounting - 2023
| ₦ |
₦ |
||
|
Bal. b/f |
3,250 | Bal. b/f. | 215 |
|
Sales |
19,075 | Bank |
16,387.50 |
|
Dishonoured cheque |
625 | Discount | 862.50 |
|
Stopped cheque |
250 | Returns inwards | 325 |
|
Bal c/d |
230 | Set off | 900 |
| Bal c/d |
4740 |
||
| 23,430 |
23430 |
||
|
Bal b/d |
4740 | Bal b/d | 230 |
Dr. Sales Ledger Control Account . Cr
The amount ₦16,378.50 described as "Bank" represents
A
receipts from trade debtors only
B
cash sales for the month including discount
C
receipts from all debtors of the business
D
cash sales for the month excluding discount
Ask EduPadi AI for a detailed answer
Correct Option: C
The amount ₦16,378.50 described as 'Bank' represents 'receipts from all debtors of the business.' It includes all the payments received from trade debtors during the accounting period.
Add your answer
Please share this, thanks!
No responses