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GCE Financial Accounting 1990 Question 26

Question 26

Books of Original Entry

The Sales Day Book will show goods sold

  1. A.for cash and credit
  2. B.for cash
  3. C.on credit
  4. D.to wholesalers
  5. E.to retailers.
Show the answer and explanation

Answer: C (on credit)

Explanation

Only credit sales are listed in the sales day book; cash sales go in the cash book.