The sales ledger control account is also referred to as
Bought ledger control account
Purchases account
Total debtors account
Total creditor account
Correct answer is C
The debtors control account is also known as the sales ledger control account. This name is sometimes used for this account because it reflects the total of the business debtors or goods sold on credit
Which of the following is not found in the personal ledger?
Debtors account
Creditors account
Capital account
Nominal account
Correct answer is C
Personal ledger is a book or a computer document in which details of money owed to or by particular people are recorded: The personal ledger will contain a separate account for each supplier and customer
Le 34,500
Le 32,000
Le 31,500
Le 26,500
Correct answer is C
29000 - 3000 = 26000
26000 + 5500 = 31500
Ordinary partners
Limited partners
Dormant partners
Sleeping partners
Correct answer is B
Limited partner is a partner in a company or venture whose liability towards its debts is legally limited to the extent of their investment.
The portion of authorized capital that has been allotted to subscribers
Called up capital
Paid up capital
Issued capital
Nominal capital
Correct answer is C
The Issued Capital refers to the number of shares issued by the company to the shareholders. In other words, the shares allotted or subsequently held by the shareholders is called the issued capital.