Financial Accounting
$500 debit was entered as $500 credit in sales ledger control account. What’s its adjustment in the sales ledger control account
$500 should be debited
$500 should be credited
$1000 should be debited
$1000 should be credited
$1000 should be debited
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C. Amount
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A. One part
B. Two parts
C. Three parts
D. Four parts
Stock in trade is:
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B. A fixed Asset
C. An intangible Asset
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B. Credit side of an account
C. Both sides of an account
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Expenses relating to sale of goods are shown in:
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B. Profit and Loss Account
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D. Sales Account
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