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Use the following information to answer the question below Sales ledger balances 01/06/12------ 9,000 30/06/12------------------------------------30,000 Total...

Accounts - Principles of Accounts
WAEC 2017

Use the following information to answer the question below

Sales ledger balances 01/06/12------ 9,000
30/06/12------------------------------------30,000
Total for the month: Cash sales----- 10,000
Returns inwards --------------------------3,000
Cheque dishonoured-------------------- 4,000

The credit sales for the month is?

  • A. 36,000
  • B. 31,000
  • C. 20,000
  • D. 30,000
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Correct Answer: Option C
Explanation

                            Sales ledger control account

Bal b/f                        9,000
Dishonored cheque   4,000
credit sales               20,000
                                 33,000
Returns inwards   3,000
Bal c/d                  3,000

                            33,000

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