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accouting MCQ

M

Mohammad Hasham

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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....??
 
U

Unknown :)

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Mohammad Hasham said:
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....??
Click to expand...
Answer is A.
 
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