1 The total of the sales journal is entered on (A) The credit side of the sales account in the general ledger (B) The credit side of the general account in the sales ledger (C) The debit side of the...

1

The total of the sales journal is entered on

(A) The credit side of the sales account in the general ledger

(B) The credit side of the general account in the sales ledger

(C) The debit side of the sales account in the general ledger

(D) The debit side of the sales day book.

2

Given a purchases invoice showing 5 items of £80 each, less trade discount of 25 per cent

and cash discount of 5 per cent, if paid within the credit period, your cheque would be made out for

(A) £285

(B) £280

(C) £260

(D) None of these.