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The balance on the sales ledger control account at the end of the accounting year...

Accounts - Principles of Accounts
WAEC 2018

The balance on the sales ledger control account at the end of the accounting year represents a total.........

  • A. trade debtors at the end of the year
  • B. cash sales for the year
  • C. credit sales for the year
  • D. amount transferred from the sales journal
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Correct Answer: Option A
Explanation

A sales ledger control account, also called trade debtors control, is the part of your balance sheet that displays how much your customers owe the company.

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WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
WAEC May/June 2024 - Practice for Objective & Theory - From 1988 till date, download app now - 99995
WAEC offline past questions - with all answers and explanations in one app - Download for free
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC offline past questions - with all answers and explanations in one app - Download for free
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC May/June 2024 - Practice for Objective & Theory - From 1988 till date, download app now - 99995