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Which of the following accounts is used to record the cash sales? Select one: a. Sales ledger control account. b. Debtor control account. 0 0
Which of the following accounts is used to record the cash sales? Select one: a. Sales ledger control account. b. Debtor control account. 0 0 0 0 c. Revised debtor control account. d. Sales account. Which of the following should be entered in the cashbook? Select one: a. Equipment bought on credit b. Credit sales of the inventory 8 0 0 0 0 c. Returns inwards d. Payment of purchases by cheque A debit balance of RM300 in a cash account shows that 3 30 Select one: O a. There was RM300 cash in hand O b. There is a payout of RM300 c. Cash has been overspent by RM300 O O d. None of the above Which of the following statements is true? Select one: a. Double entry means that the each transactions is recorded twice b. Posting is the process of preparing trial balance O O O O c. The left side of an account is debit d. Debit means increase, credit means decrease
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