NECO Accounting 2007 Objective — Question 60
Question 60 of 60 from the National Examinations Council (NECO) Accounting 2007 Objective paper, with the correct answer and a full explanation.
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The following are items in the sales ledger control account except
- A. bill payableCorrect
- B. Bill receivable
- C. cheque received
Explanation
Bills payable relate to amounts the business owes, not amounts owed by customers, so it does not belong in the sales ledger control account.
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