2022 WAEC Accounts - Principles of Accounts Theory a. Identify three books of account from which entries are made into control accounts b. State...

a. Identify three books of account from which entries are made into control accounts

b. State two uses of control accounts

c i. List four items each which would be recorded on the debit side of:

-Purchases Ledger Control Account

c ii. List four items each which would be recorded on the debit side of:

- Sales Ledger Control Account

a. - Sales ledger account
- Purchase ledger account
- General ledger account

b. - It is used to detect missing figures
- It helps to prevent fraud

c i. - Cheque to creditors
- Cash to supplier
- Discount received
- Bill payable

c ii. Dishonored cheque
- Carriage outward
- Discount disallowed
- Debit note issued

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