Use the following information to answer the giv... - WAEC Accounting 1989 Question
Use the following information to answer the given question: SALES LEDGER CONTROL ACCOUNT
\(\begin{array}{c|c} 1986 & & N & 1986 & & N \ \hline Jan. 1 & \text{Balance b/d} & 1,300 & Jan.1 & \text{Balance b/d} & 86 \ 31 & sales & 7,630 & & bank & 6,555 \ & \text{dishonoured cheques} & 250 & & discount& 345 \ & \text{stopped cheques} & 100 & & returns & 130 \ & \text{balance c/d} & 92 & & \text{Purchases ledger} & 360 \ & & & & \text{balance c/d} & 1,896 \ & & 9,372 & & & 9,372 \ Feb. 1 & \text{balance b/d} & 1,896 & Feb.1 & \text{balance b/d} & 92 \end{array}\)
The sum of N6,555 described as 'Bank' represents
\(\begin{array}{c|c} 1986 & & N & 1986 & & N \ \hline Jan. 1 & \text{Balance b/d} & 1,300 & Jan.1 & \text{Balance b/d} & 86 \ 31 & sales & 7,630 & & bank & 6,555 \ & \text{dishonoured cheques} & 250 & & discount& 345 \ & \text{stopped cheques} & 100 & & returns & 130 \ & \text{balance c/d} & 92 & & \text{Purchases ledger} & 360 \ & & & & \text{balance c/d} & 1,896 \ & & 9,372 & & & 9,372 \ Feb. 1 & \text{balance b/d} & 1,896 & Feb.1 & \text{balance b/d} & 92 \end{array}\)
The sum of N6,555 described as 'Bank' represents
A
cash sales for the month, including discounts
B
cash sales for the month excluding discounts
C
receipts from trade debtors only
D
receipts from all the debtors of the business
correct option: c
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