Accounting cycles

General Accounting Principles

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The monthly, fortnightly or weekly total of Sales books is transferred

Cr side of Sales account

Dr side of Sales account

Cr side of Debtors account

None of the above

Explanation:

Sales book is a subsidiary book that records all the credit sales of the goods. It is totalled normally on a monthly basis and the total will be posted to the credit side of the Sales A/c. The total of the Sales book is not entered but posted to the Sales A/c because it is transferred from the sales book.

By: Munesh Kumari

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