Which One of the Following Would Not Be Recorded in the Sales

question 63

Multiple Choice

Which one of the following would not be recorded in the sales returns day book?

• A) The transaction date on a credit note.
• B) The customer name.
• C) Details of goods or services to which the credit note relates.
• D) The credit note total amount.

---

Definitions:

Total Interest

The total amount of interest paid over the lifetime of a loan.

Life of the Loan

The duration over which a borrower is required to make payments until the loan is paid off in full.

Compounded Monthly

A process where interest earned is added to the principal, so that from that moment on, interest is earned on interest, recalculated on a monthly basis.

Monthly Payment

Regular payments made over a period of time, typically used in the context of loan repayments.