QUESTIONS 2 points Save Answer The total of the "Cost of sales" column in the Credit Sales Report (summary of duplicate invoices) of R52 000 was posted to the general ledger at the end of March 2018. The correct entry would be: 31 March Debtors control GR52 000 (debit side of Cost of Sales). 31 March Inventory GJ R52 000 (debit side of Cost of Sales). 31 March Sales GJ R52 000 (debit side of Cost of Sales). 31 March Inventory GJ R52 000 (credit side of Cost of Sales). QUESTION 10 2 points Save Answer In the accounting cycle, the step following the monthly closing off and tallying of the journals is the completion of the: Trial balance. Financial statements. Subsidiary ledgers. General ledgers. QUESTIONS 2 points Save Answer The total of the "Cost of sales" column in the Credit Sales Report (summary of duplicate invoices) of R52 000 was posted to the general ledger at the end of March 2018. The correct entry would be: 31 March Debtors control GR52 000 (debit side of Cost of Sales). 31 March Inventory GJ R52 000 (debit side of Cost of Sales). 31 March Sales GJ R52 000 (debit side of Cost of Sales). 31 March Inventory GJ R52 000 (credit side of Cost of Sales). QUESTION 10 2 points Save Answer In the accounting cycle, the step following the monthly closing off and tallying of the journals is the completion of the: Trial balance. Financial statements. Subsidiary ledgers. General ledgers