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The total of the Sales Book is posted to
  • a)
    the credit of the Sales Account,
  • b)
    credit of the Purchases Account,
  • c)
    credit of the Capital Account
Correct answer is option 'A'. Can you explain this answer?
Verified Answer
The total of the Sales Book is posted toa)the credit of the Sales Acco...
The Sales book is a subsidiary book which records only credit sales. Sales A/c is a ledger account which includes cash as well as credit sales. Thus, we need to post the total of sales book to the credit of Sales A/c.
The correct option is A.
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Most Upvoted Answer
The total of the Sales Book is posted toa)the credit of the Sales Acco...
The Sales book is a subsidiary book which records only credit sales. Sales A/c is a ledger account which includes cash as well as credit sales. Thus, we need to post the total of sales book to the credit of Sales A/c.
The correct option is A.
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Community Answer
The total of the Sales Book is posted toa)the credit of the Sales Acco...
Sales book is a book which record all transaction relating to credit sales by the firm.so obviously total of it will posted to the credit of sales account because it always have a credit balance
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The total of the Sales Book is posted toa)the credit of the Sales Account,b)credit of the Purchases Account,c)credit of the Capital AccountCorrect answer is option 'A'. Can you explain this answer?
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