O-LevelAccountingSources and recording of data7707/12 · Oct/Nov 2014 · Q61 Mark

Logan records his sales invoices in a sales journal. What happens at the end of the month?

AEach customer's account is credited with the total of that customer's invoices for the month.

BEach customer's account is debited with the total of that customer's invoices for the month.

CThe sales account is credited with the total of the sales invoices.

DThe sales account is debited with the total of the sales invoices.

✓ Correct answer

C: The sales account is credited with the total of the sales invoices.

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Topic: Sources and recording of data, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, Oct/Nov 2014 Paper 1 Variant 2, question 6.

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