JAMB Control Accounts and Self-balancing Ledgers Principles Of Accounts Past Questions, Answers & Explanations - Accounts - Principles of Accounts

Jamb Accounts - Principles of Accounts Questions - Control Accounts and Self-balancing Ledgers

Question 1:

The use of the folio in the ledger is for

Question 2:

A ledger is classified into

Question 3:

	N
Purchase ledger opening balance	4,000
sales ledger opening balance	6,000
credit purchase	25,000
Discounts allowed	1,000
Returns inwards	2,000
Credit sales during the year	10,000
Return outwards	6,000

Use the information above to answer the following question;

calculate the sales ledger balance