Use the following information to answer the question below
Sales ledger balances 01/06/12—— 9,000
30/06/12————————————30,000
Total for the month: Cash sales—– 10,000
Returns inwards ————————–3,000
Cheque dishonoured——————– 4,000
The credit sales for the month is?
- 36,000
- 31,000
-
20,000
- 30,000
The correct answer is: C
Explanation
Sales ledger control account
| Bal b/f 9,000 Dishonored cheque 4,000 credit sales 20,000 33,000 |
Returns inwards 3,000 Bal c/d 3,000 33,000 |