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The balance on the Sales Ledger Control Account at the end of the accounting year...

Accounts - Principles of Accounts
JAMB 2025

The balance on the Sales Ledger Control Account at the end of the accounting year represents total

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

The balance on the Sales Ledger Control Account at the end of the accounting year represents the total trade debtors. It shows the total amount owed to the business by its customers.

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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 127076
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
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