WAEC Accounting 2015 Objective — Question 13

Question 13 of 50 from the West African Examinations Council (WAEC) Accounting 2015 Objective paper, with the correct answer and a full explanation.

The accounting entry to correct sales day book overcast is

A. Debit Sales Account and Credit Debtors AccountCorrect
B. Debit Suspense Account and Credit Sales Account
C. Debit Debtors Account and Credit Suspense Account
D. Debit Sales Account and Credit Suspense Account

Explanation

When the sales day book is overcast, both the sales account and debtors account are overstated, so the correction is: Dr Sales Account, Cr Debtors Account.

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