What journal entry will be necessary to be made for sales at total sales value during a year, if the books are kept under Non-integrated Accounting System?

CS Executive · Cost and Management Accounting · PYQS · December 2019
What journal entry will be necessary to be made for sales at total sales value during a year, if the books are kept under Non-integrated Accounting System?
(A) Cash/Sundry Debtor A/c Dr. To Sales A/c
(B) Cash/Sundry Debtor A/c Dr. To Profit & Loss A/c
(C) Costing P&L A/c Dr. To Nominal Ledger Control A/c
(D) General Ledger Adjustment A/c Dr. To Costing P&L A/c

Answer & Explanation:

Correct Answer: Option (D)

Official answer key: (D).

Topics: Non-Integrated Accounting System

Open in Interactive Practice Hub · Full Practice Hub · Chapter Weightage · More in this subject

Related Questions in this Topic