I had a question that I wasn't sure on earlier. From what I could remember the question stated;
You have received payment from a credit customer. Which Journal would you print out to update your information?
The choices were Trial Balance, Nominal Ledgers, Sales Day Book and Aged Debtors Analysis.
I didn't think it'd be the first two as they don't contain details of each customers payment, only the ledger totals.
Then I was stuck between the Sales Day Book and Aged Debtor Analysis. I went for the Sales Day Book on the premise that the ADA is more used to find out if anyone has outstanding payments to make.
Was I right?
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