WAEC Accounting 2015 Objective — Question 8
Question 8 of 50 from the West African Examinations Council (WAEC) Accounting 2015 Objective paper, with the correct answer and a full explanation.
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The accounting ledger for goods sold on credit are debit
- A. Debtors Account, credit Sales AccountCorrect
- B. Creditors Account, credit Sales Account
- C. Sales Account, credit Debtors Account
- D. Sales Account, credit Creditors Account
Explanation
When goods are sold on credit, the accounting entry is: Dr Debtors Account, Cr Sales Account.
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