WAEC Accounting 2013 Objective — Question 25
Question 25 of 50 from the West African Examinations Council (WAEC) Accounting 2013 Objective paper, with the correct answer and a full explanation.
Advertisement
Which of the following accounts has a credit balance?
- A. Returns Inwards Account
- B. Machinery Account
- C. Sales AccountCorrect
- D. Cash Account
Explanation
Expenses, assets and purchases have debit balances while income, liability and sales have credit balances.
Advertisement
Sign up free to unlock
- Score tracking
- Practice history
- Saved questions
- Progress dashboard
- Personalized sessions
- Weak-topic breakdown
…and/or go further with premium services and No Ads.