Sales ledger control account - Jamb Accounts - Principles of Accounts Past Questions and Answers

Question 16:

• JAMB 2012

Which of the following is a debit item in the sales ledger control account

A. Cheque reciepts
B. Dishonoured cheques
C. Discount allowed
D. Bills recievable

Question 17:

• JAMB 2014

The value of the sales ledger control account is derived from the summation of

A. The total debtors' account
B. The total creditors' account
C. All day books
D. Both the debtors'and creditors' accounts

Question 18:

• JAMB 2015

CR. DR.
Sales ledger balance 9, 500
Sales ledger balance 420
Bought ledgers balance 6, 115
Bought ledger balance 350
Credit sales 82, 000
Purchases journal 54, 700
Discount allowed 450
Discount received 200
Cash refunded to customers (debtors) 120
Purchases ledger balance 250
Sales ledger balance 120
The amount brought down in the sales ledger control account would be

A. N9, N1740; N120
B. N90, N990
C. N90, N870; N120
D. N80, N750

Question 19:

• JAMB 2015

Sales ledger control account contains the total amount in respect of

A. Creditors
B. Debtors
C. Investors
D. Shareholders