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LMN's totals for its sales day book and its cash receipts book for the month ended 31 January 20X6 are as follows
What is the total value for sales that LMN will post to the sales account in the nominal ledger for January 20X6?
Suggested Answer: C
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37 comments · newest first
SA
Samuel
11 months ago
Nah, it’s definitely $36,000, I checked the figures!
KR
Kristofer
11 months ago
I think it's $45,000 based on the cash receipts.
TE
Tequila
11 months ago
Wait, are we sure about that? Seems high to me.
JU
Jutta
12 months ago
Totally agree, that makes sense with the numbers.
KI
Kimberely
12 months ago
LMN's sales total is $51,000 for January!
AL
Alana
1 year ago
I thought we only posted the sales from the sales day book, but I’m not entirely sure if that’s the case here. I need to review the rules again.
CE
Ceola
1 year ago
I feel like the answer might be $51,000, but I’m not completely confident. I need to double-check how returns affect the total.
AS
Ashton
1 year ago
This seems similar to a practice question we did last week. I think the total sales should be the sum of both books, but I can't recall the exact numbers.
CH
Christiane
1 year ago
I remember we discussed how to calculate total sales from both the sales day book and cash receipts book, but I'm not sure how to combine them correctly.
DO
Dona
1 year ago
Okay, I've got this. The key is to focus on the information provided - the sales day book and cash receipts book totals. I just need to add those two numbers together, and that will give me the total sales value that LMN will post to the sales account. Simple enough, as long as I don't mess up the arithmetic.
MA
Madonna
1 year ago
Hmm, this seems straightforward enough. I just need to add the sales day book total and the cash receipts book total to get the final sales amount. Shouldn't be too difficult as long as I don't make any silly mistakes with the numbers.
DE
Denae
1 year ago
Okay, let's see. The question is asking for the total value of sales that LMN will post to the sales account in the nominal ledger for January 20X6. The information provided includes the totals for the sales day book and cash receipts book. I think I need to add those two numbers together to get the total sales value.
MA
Markus
1 year ago
I'm a bit confused by this question. Do I need to do anything else besides just adding the two numbers together? The wording is a bit tricky, and I want to make sure I'm not missing something. I'll double-check my work, but I think adding the sales day book and cash receipts book totals is the way to go.
FL
Flo
2 years ago
Seriously, who came up with these options? They're all over the place. This is like the accounting version of 'Who Wants to Be a Millionaire?'.
TI
Tish
2 years ago
C) $36,000
JO
Joaquin
2 years ago
B) $45,000
LE
Leontine
2 years ago
A) $51,000
MA
Marta
2 years ago
Wow, this is a real head-scratcher. I'm just going to close my eyes and pick one. *blindly points* Ah, D it is! Fingers crossed!
RI
Richelle
2 years ago
Hold on, this is too easy. There's gotta be a catch. I'm going with C, $36,000. That's my final answer, Regis!
TY
Tyra
2 years ago
Well, we'll find out soon enough. Let's see if C is the correct answer.
AL
Alisha
2 years ago
I'm sticking with my gut on this one, C, $36,000.
MA
Martha
2 years ago
User3: I agree with User2, I think it's B) $45,000.
MA
Margret
2 years ago
I'm not so sure, I'm leaning towards A, $51,000.
GE
Georgene
2 years ago
User2: I'm not so sure, I'm leaning towards B) $45,000.
SH
Sharee
2 years ago
I think it's A) $51,000.
FA
Fairy
2 years ago
I think you might be right, C does seem like the most logical choice.
LU
Lucina
2 years ago
I'm not sure, but I think the answer is A) $51,000 based on the information provided.
LO
Loise
2 years ago
I agree with Jutta, because the total sales for January is $51,000.
JU
Jutta
2 years ago
I think the answer is A) $51,000.
LA
Lashawnda
2 years ago
Wait a minute, the question is asking for the total sales, not the cash receipts. I think B is the correct answer here, $45,000.
DU
Dusti
2 years ago
Great, thanks for clarifying that. B) $45,000 it is.
FL
Florinda
2 years ago
Oh, I see. In that case, the correct answer would be B) $45,000.
TR
Trinidad
2 years ago
But the question is asking for the total value to post to the sales account, not cash receipts.
VA
Vanesa
2 years ago
I think the total sales for January 20X6 is $45,000.
RE
Reita
2 years ago
Hmm, let me see. The total cash receipts for January is $51,000, so it's gotta be A, right? That's a no-brainer!
YO
Yolande
2 years ago
Agreed, the total value for sales that LMN will post to the sales account in the nominal ledger for January 20X6 is $51,000.
MA
Maile
2 years ago
Yeah, you're right! It's definitely A) $51,000.