accouting MCQ

Messages
25
Reaction score
2
Points
1
18 Henri has charged Thibault interest on his overdue accounts.
Where does this interest appear in Thibault’s control accounts?
A on the credit side of the purchases ledger control account
B on the credit side of the sales ledger control account
C on the debit side of the purchases ledger control account
D on the debit side of the sales ledger control account ......... HOW TO DO THAT....??
 
Messages
8
Reaction score
4
Points
3
18 Henri has charged Thibault interest on his overdue accounts.
Where does this interest appear in Thibault’s control accounts?
A on the credit side of the purchases ledger control account
B on the credit side of the sales ledger control account
C on the debit side of the purchases ledger control account
D on the debit side of the sales ledger control account ......... HOW TO DO THAT....??
Answer is A.
 
Top