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One of the items on the debit side of sales ledger control account is

Accounts - Principles of Accounts
WAEC 2022

One of the items on the debit side of sales ledger control account is

  • A. bad debt
  • B. returns inwards
  • C. bills dishonored by debtors
  • D. bills accepted by debtors
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Correct Answer: Option C
Explanation

Items on the debit side of the sales ledger control account are: Sales credit, interest charges, dishonoured bill, carriage outwards, discounts disallowed, debit note issued, service charges.

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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 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