Use the following information to answer the given questio...
Use the following information to answer the given question:
SALES LEDGER CONTROL ACCOUNT
1986N1986NJan.1Balance b/d1,300Jan.1Balance b/d8631sales7,630bank6,555dishonoured cheques250discount345stopped cheques100returns130balance c/d92Purchases ledger360balance c/d1,8969,3729,372Feb.1balance b/d1,896Feb.1balance b/d92
The balance of N92 represents the i. amount necessary to balance the account ii. sum due to the customers iii. amount due from the customers
i
ii
iii
i and ii
i and iii
Correct answer is B
No explanation has been provided for this answer.
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