If books are kept under single entry system, credit sales are ascertained by preparing ____________.

Total creditors account

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Total debtors account

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Credit sales account

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Trading account

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Solution

The correct option is B Total debtors account
Debtors are generated due to credit sales.
under single entry system the information available for debtors can be used to ascertain the Credit sales.

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Similar questions

Q. If books are kept under single entry system, credit purchase are ascertained by preparing ____________.

Q. If books are kept under single entry system, opening stock is ascertained by preparing ________.

On scrutiny of the books of account, accountant found that, purchase return of Rs 1000 was omitted to be entered in the books of a/c. What shall be the rectifying entry for the same error.

Q. To record credit sale, when del-credere commission is given which of the following entry is passed in the books of Consignee?

A. Consignment Debtors A/c To Consignor A/c	Dr.
B. Consignor A/c To Sales A/c	Dr.
C. Sales A/c To Consignment Debtors A/c	Dr.
D. No entry is required to be passed.

Q. To record credit sale, when del-credere commission is not given which of the following entry is passed in the books of Consignor?

A.Consignment Debtors A/c To Consignment A/c	Dr.
B.Consignee A/c To Consignment A/c	Dr.
C.Consignment Debtors A/c To Consignee A/c	Dr.
D. Consignment Debtors A/c To Sales A/c	Dr.

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If books are kept under single entry system, credit sales are ascertained by preparing ____________.

The correct option is B Total debtors accountDebtors are generated due to credit sales.under single entry system the information available for debtors can be used to ascertain the Credit sales.

The correct option is B Total debtors account
Debtors are generated due to credit sales.
under single entry system the information available for debtors can be used to ascertain the Credit sales.