WAEC Accounting 2018 Objective — Question 3
Question 3 of 50 from the West African Examinations Council (WAEC) Accounting 2018 Objective paper, with the correct answer and a full explanation.
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Which of the following items is found on the debit side of a trial balance?
- A. Provision for doubtful debts
- B. Discount allowedCorrect
- C. Discount received
- D. Returns outwards
Explanation
Discount allowed is an expense, so it carries a debit balance and appears on the debit side of the trial balance.
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