In a single entry system, what account is prepared to find out the figure of credit sales? MCQ with Answer and Explanation

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In a single entry system, what account is prepared to find out the figure of credit sales?

A. Trading Account

B. Total Debtors Account

C. Total Creditors Account

D. Cash Book

Answer: Option B

Solution (By JKSSB Mock Tests)

A Total Debtors Account is constructed. The balancing figure (usually on the debit side) reveals the credit sales during the period.

This question belongs to: Accountancy and Statistics Accountancy and Book Keeping

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The 'Final Dividend' is recommended by:

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Correct Answer: Option C

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Correct Answer: Option D

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Correct Answer: Option D

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