Total sales book indicates
A) Total credit sales
B) Total cash sales
C) Total sales
D) All the above
Correct Answer:
Verified
Q26: Gross assets - liabilities will be equal
Q27: Purchase ledger contains the accounts of
A)Debtors
B)Creditors
C)Total purchase
D)All
Q28: Allowance made for prompt payment is called
A)Cash
Q29: Sales ledger contains accounts of
A)Suppliers
B)Customers
C)Total sales
D)All the
Q30: Credit note is sent by
A)Seller
B)Customer
C)Buyer
D)Borrower
Q32: Total sales made during a year is
Q33: Sales return account is a _ account
A)Personal
B)Nominal
C)Real
D)Current
Q34: Debit note is prepared in connection with
A)Sales
Q35: Goods sold on credit will be entered
Q36: Cash purchase of fixed asset is entered
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