The principal function of a sales ledger control account ...
The principal function of a sales ledger control account is to
Serve as internal check and provide quick information for the preparation of interim financial statements
Serve as external check and provide quick information for the preparation of interim financial statements
Provide quick information for the preparation of customers' statement
Provide information for the control of salesmen's activities
Correct answer is C
No explanation has been provided for this answer.
Control accounts are also known as ...
A fund established for the payment of minor expenses is ...
\(\begin{array}{c|c} & N \\ \hline Sales & 200,000 \\ \text{Opening Stock} & 20,000 \\ p...
Zazzau Company: Cash in hand................N50 Cash in bank................N1 250 Stock..........
Given: Bank overdraft..............N2000 Cash........................N2000 Furniture................
Which of the following is not the purpose of a control account? ...
The accounting ledger for goods sold on credit are debit ...
Quick ratio is calculated as X-Y:Z, where ...
A decrease in the provision for doubtful debts result in ...