INTERVIEW QUESTIONS ACCOUNTING PROCESS SUBSIDIARY BOOKS DETAILS

Question: Total of Sales Book will be posted: a) In Debit side of Sales Account b) In Credit side of Purchases Account c) In Credit side of Sales Account d) In Debit side of Sales return account

Answer: (c) In Credit side of Sales Account
Description: Sales is a nominal account and it is in the nature of an income and hence has a credit balance. The total as sale book is posted to credit of sales account.

(c) In Credit side of Sales Account
Description: Sales is a nominal account and it is in the nature of an income and hence has a credit balance. The total as sale book is posted to credit of sales account. Source: CoolInterview.com

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