Dr. Sales Ledger Control Account . Cr ₦ ₦ Bal b/f 3,250 Bal b/f 125 Sales 19,075 Bank 16,387.50 Dishonoured cheque 625 Discount 862.50 Stopped cheque 250 Re...

Dr. Sales Ledger Control Account . Cr
 

The amount ₦19,075 represents

Answer Details

The amount ₦19,075 represents credit sales. In the Sales Ledger Control Account, the 'Sales' line item typically represents credit sales made during the period. Cash sales would usually be recorded directly in the bank or cash account, not in the sales ledger control account. The sales ledger control account is used to record transactions with credit customers, including sales, payments, returns and discounts