The Sales Daybook is used to record…?
Select ONE answer:
- money received from debtors.
- the names, addresses, credit terms and other details regarding debtors.
- invoices issued to customers in respect of. goods sold on credit.
- None of the above.
Show your workings to arrive at your answer, and explain and justify your reasons:
……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………
This multiple-choice question is suitable for Accounting KS5 classes.
The answer is 3
- Incorrect – Money received from debtors is initially recorded is the cash book (or cash receipts book).
- Incorrect – The names, addresses, credit terms and other details regarding debtors will be kept on file somewhere but not in the sales daybook.
- Correct
- Incorrect
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