GCE Financial Accounting 1989 Question 17

Sales Ledger Control Account (1986)
Debit side: Jan. 1 Balance b/d ₦1,300; Jan. 31 Sales ₦7,630; Dishonoured Cheques ₦250; Stopped Cheques ₦100; Balance c/d ₦92; Total ₦9,372
Credit side: Jan. 1 Balance b/d ₦86; Bank ₦6,555; Discounts ₦345; Returns ₦130; Purchases Ledger ₦360; Balance c/d ₦1,896; Total ₦9,372
Feb. 1 Balance b/d ₦1,896 (debit); Feb. 1 Balance b/d ₦92 (credit)

The amount of ₦7,630 represents

1. A.total credit sales
2. B.total of all the debtors of the firms
3. C.the total sales for the month
4. D.cash sales only
5. E.the double entry for the total of the sales account