WAEC Accounting 2013 Objective — Question 34

Question 34 of 50 from the West African Examinations Council (WAEC) Accounting 2013 Objective paper, with the correct answer and a full explanation.

Which of the following is not an item on the credit side of the purchases ledger control account?

A. Cash receivedCorrect
B. Cash payment
C. Contra settlement
D. Cheque payment

Explanation

In transactions involving purchases, cash is paid not received, so cash received is not an item on the credit side of the purchases ledger control account.

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