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The balance in a sales Ledger Counter Account indicates the

Accounts - Principles of Accounts
WAEC 2010

The balance in a sales Ledger Counter Account indicates the

  • A. difference between debtors and creditors
  • B. total sales
  • C. total purchases
  • D. total debtors
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
Correct Answer: Option D
Explanation

It represents the total balance of credit sales otherwise known as trade debtors

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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts