PRC-1 · Chapter 3 · Question 2 of 100
Individual credit sales invoices issued by 'Lunar Electronics' are initially recorded in which book, and subsequently posted to which ledger?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: C) Sales day book and posted to individual customer accounts in the Receivables Ledger.
Explanation
Credit sales are initially recorded in the sales day book. Each individual invoice is then posted to the debit side of the respective customer's account in the Receivables Ledger.
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