WAEC Accounting 2014 Objective — Question 14
Question 14 of 50 from the West African Examinations Council (WAEC) Accounting 2014 Objective paper, with the correct answer and a full explanation.
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Which of the following is entered in the general journal?
- A. Purchase of goods
- B. Sales of goods on credit
- C. Returns inward
- D. Acquisition of fixed assetsCorrect
Explanation
The general/journal proper is used to record impersonal, non-routine transactions such as the acquisition of fixed assets.
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