Which one of the following is not an accurate description of the sales day book?
A) Also known as the sales listing.
B) The book of prime entry for sales and sales returns.
C) Records the daily sales made on each trading day of the year.
D) Records the total amount due from each customer, the net sales value of each sale and the VAT due on each sale.
Correct Answer:
Verified
Q4: Credit notes in the purchases system:
Please select
Q5: The total amounts recorded on sales invoices
Q6: Purchase invoices show the value of goods
Q7: The petty cash book is a book
Q8: Books of prime entry:
Please select all that
Q10: Cash payments in the cash book:
Please select
Q11: Which one of the following is not
Q12: Cash receipts in the cash book represent
Q13: Which one of the following would not
Q14: An entity's payroll system calculates two expenses,
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents