JAMB Accounting 2009 Objective — Question 25
Question 25 of 50 from the Joint Admissions and Matriculation Board (JAMB) Accounting 2009 Objective paper, with the correct answer and a full explanation.
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25. Which of the following is an item on the debit side of the sales ledger control account?
- A. Interest charged by suppliers
- B. Bills receivable honoured
- C. Transfer of credit balances from credit control account
- D. Transfer of debit balances from creditors control accountCorrect
Explanation
When debit balances are transferred from the creditors control account, they appear on the debit side of the sales ledger control account.
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