JAMB Accounting 2019 Objective — Question 22
Question 22 of 40 from the Joint Admissions and Matriculation Board (JAMB) Accounting 2019 Objective paper, with the correct answer and a full explanation.
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In a control account, provision for bad debts is found on the
- A. debit side of the purchase's ledger control account
- B. debit side of the sales ledger control account
- C. credit side of the purchase's ledger control account
- D. credit side of the sales ledger control accountCorrect
Explanation
The sales ledger control account is also known as the total debtors control account. A bad debt (and its provision) is against the balance, so it is posted to the credit side of the sales ledger control account.
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