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  3. Accounts - Principles of Accounts
  4. WAEC 2010
  5. Bad debts written of...

Bad debts written off is shown as

Accounts - Principles of Accounts
WAEC 2010

Bad debts written off is shown as

  • A. debit in the sales ledger
  • B. debit in the purchases ledger
  • C. credit in the sales ledger
  • D. credit in the purchases ledger
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Correct Answer: Option C
Explanation

The journal entry is a debit to the bad debt expense account and a credit to the accounts receivable account. (Remember your account receivables are credit sales that is the sales journal)

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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Your School's Whatsapp Group - Join Us now
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
Post UTME Past Questions Agent
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now