A book of account that possesses the features of both day book and ledger is
Sales day book
Cash book
Purchases day book
Returns day book
Correct answer is B
No explanation has been provided for this answer.
The control account is used in facilitating
The location of errors in the various accounts
Up to date bank transactions
The payment of debts and liabilities of the firm
Assets distribution with respect to income
Correct answer is A
No explanation has been provided for this answer.
#801,000
#1,100,500
#1,160,500
#1,175,500
Correct answer is D
No explanation has been provided for this answer.
#285,000
#300,000
#570,000
#600,000
Correct answer is B
No explanation has been provided for this answer.
The excess of sales over cost of goods sold is
Gross sales
Gross profit
Net profit
Net sales
Correct answer is B
No explanation has been provided for this answer.