- 1 Marks
FA – May 2016 – L1 – SA – Q11 – Control Accounts
A question about the meaning of the balance in the receivables control account.
Question
The balance of N1,840,000 in the receivables control account represents:
A. Amount necessary to balance the account
B. Amount due to the customers
C. Amount due from the customers
D. Amount due from cash sales
E. Amount due from sales
Find Related Questions by Tags, levels, etc.
- Tags: Balance, Control Accounts, Receivables
- Level: Level 1
- Topic: Control Accounts
- Series: MAY 2016
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