The sales journal total for the month is $3{,}000$. How is this total posted?

Credit the sales account $3{,}000$

The purchases journal total is $2{,}400$. How is it posted to the general ledger?

Debit the purchases account $2{,}400$

Discount the business gives to customers who pay promptly

To group similar transactions and keep the ledger uncluttered

13questions. Pick an answer and you'll see why right away.

Which source document is used for a credit sale?
Goods returned by a customer are recorded from which document?
In which book of prime entry is a credit purchase recorded?
Which ledger holds the account of a credit customer?
Which ledger holds a credit supplier's account?
On which side of the cash book are receipts recorded?
What does the two-column cash book record together?
The sales journal total for the month is $3{,}000$ . How is this total posted?
The purchases journal total is $2{,}400$ . How is it posted to the general ledger?
What is the discount allowed column in the cash book used for?
Why are journals (books of prime entry) used before the ledger?
Which document is the source for cash received?
In which ledger is the rent account kept?