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The balance of the sales account is transferred to the trading account by

Accounts - Principles of Accounts
WAEC 1990
The balance of the sales account is transferred to the trading account by
  • A. debiying the profit and loss account
  • B. debiting the trading account
  • C. debiting the sales account
  • D. crediting the profit and loss account
  • E. crediting the sales account
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Correct Answer: Option C
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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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