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Unit 30-June 2008 Past paper

Tangerina80Tangerina80 Just JoinedRegistered Posts: 2
Can anyone help, I am a little confused.
Task 1.6 on the unit 30 June 08 past paper asks you to name the accounts that should be in the main ledger, referring to the Cash Day Book entries.

When I looked at the answer, the Sales account was not one of the answers.

Can someone explain why.

Thank You

Comments

  • A-VicA-Vic Expertise Guaranteed Registered Posts: 6,970
    Can anyone help, I am a little confused.
    Task 1.6 on the unit 30 June 08 past paper asks you to name the accounts that should be in the main ledger, referring to the Cash Day Book entries.

    When I looked at the answer, the Sales account was not one of the answers.

    Can someone explain why.

    Thank You

    if i understand what you ment they might only have credit customers
  • Tangerina80Tangerina80 Just Joined Registered Posts: 2
    Thanks,

    I thought that you sti credit to a sales account even with credit customers.
    I must be getting confused!
  • A-VicA-Vic Expertise Guaranteed Registered Posts: 6,970
    Thanks,

    I thought that you sti credit to a sales account even with credit customers.
    I must be getting confused!

    thats bank and sales - if i remember cash only deals with cash sales
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