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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

 

A.

i

B.

ii

C.

iii

D.

i and ii

E.

i and iii

Correct answer is B

No explanation has been provided for this answer.