WAEC Accounting 2017 Objective — Question 27
Question 27 of 50 from the West African Examinations Council (WAEC) Accounting 2017 Objective paper, with the correct answer and a full explanation.
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27. Which of the following items will appear in the Total Creditors Account?
- A. A. Discount allowed
- B. B. Credit sales
- C. C. Discount receivedCorrect
- D. D. Cash purchases
Explanation
Discount received is allowance granted with purchases. Thus, it shows in the creditors' control account.
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