Your Ledger Accounts Have the Following Balances What Is the Balance of the Debit and Credit Columns

question 17

Multiple Choice

Your ledger accounts have the following balances: $\begin{array}{|l|r|}\hline \text { Cash } & 10,000 \\\hline \text { Creditors } & 85,000 \\\hline \text { Capital } & 337,000 \\\hline \text { Equipment } & 250,000 \\\hline \text { Sales } & 325,000 \\\hline \text { Inventory } & 50,000 \\\hline \text { Cost of Sales } & 250,000 \\\hline \text { Drawings } & 25,000 \\\hline \text { Expenses } & 52,000 \\\hline \text { Debtors } & 110,000 \\\hline\end{array}$ What is the balance of the debit and credit columns of the trial balance?

• A)$747 000
• B)$525 000
• C)$994 000
• D)$785 000

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Definitions:

Senior Salespeople

Experienced sales professionals who usually handle key accounts and are often involved in strategic decisions within the sales department.

Relationship Selling

A sales technique that focuses on building, maintaining, and enhancing interactions with customers to develop long-term satisfaction and loyalty.

Combination Of Salary

The total compensation package for an employee, combining base salary with additional benefits or bonuses.

Commission

A form of payment to an agent or employee based on a percentage of the sales they generate or on completing a particular transaction.