(a) What are the advantages of recording the invoices for credit sales first in a Sales Day...
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(a) What are the advantages of recording the invoices for credit sales first in a Sales Day Book?
(b) Bearing in mind that the double-entry system requires a pair of entries for recording each transaction, would you regard the entry made for credit sales in the Sales Day Book to be one of the pair?
(c) Why is it important that the copies of the sales invoices issued to customers should be filed in their sequential number order?
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a The advantage of recording credit sales first in a Sales Day Book is that it prov...View the full answer
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Related Book For
Financial Accounting An Introduction
ISBN: 9780273737650
2nd Edition
Authors: Mr Barry Elliott, Mr Augustine Benedict
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