Accounting 9706 · AS & A Level · The accounting system

The accounting system — practice question

A trader maintains a complete set of accounting records. Which of the following statements is accurate?

  • ACredit notes issued are recorded in the sales journal.
  • BSales invoices are recorded in the general journal.
  • CThe sales account is kept in the general ledger.
  • DThe sales journal is prepared from entries in the sales ledger.

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