JAMB - Accounts Principles Of Accounts (2025 - No. 64)
The balance on the Sales Ledger Control Account at the end of the accounting year represents total
credit sales for the year
trade debtors at the end of the year
cash sales for the year
amount transferred from the Sales Day Book
Explanation
The balance on the Sales Ledger Control Account at the end of the accounting year represents the total trade debtors. It shows the total amount owed to the business by its customers.
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