52. (2 point)

Sales invoices are rst entered in

A. The Cash Book

B. The Purchases Journal

C. The Sales Account

D. The Sales Journal

E. None of the above

53. (2 point)

The total of the Sales Journal is entered on

A. The credit side of the Sales Account in the General Ledger

B. The credit side of the General Account in the Sales Ledger

C. The debit side of the Sales Account in the General Ledger

D. The debit side of the Sales Day Book.

E. None of the above

54. (2 point)

Given a purchases invoice showing 5 items of 80 each, less trade discount of 25 per cent and cash discount of 5 per cent, if paid within the credit period, your cheque would be made out for

A. 285

B. 280

C. 260

D. 55

D. None of these.

55. (2 point)

An alternative name for a Sales Journal is

A. Sales Invoice

B. Sales Day Book

C. Daily Sales

D. Sales Ledger.

E. None of the above