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  4. WAEC 2015
  5. Which of the followi...

Which of the following items is found in the sales ledger control account?

Accounts - Principles of Accounts
WAEC 2015

Which of the following items is found in the sales ledger control account?

  • A. Discount received
  • B. Total credit purchases
  • C. Discount allowed
  • D. Returns outwards
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Correct Answer: Option C
Explanation

A discount allowed is when the seller of goods or services grants a payment discount to a buyer. Discount allowed has to do with purchases

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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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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now