WAEC Accounting 2018 Objective — Question 32
Question 32 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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The balance on the sales ledger control account at the end of the accounting year represents
- A. total trade debtors at the end of the yearCorrect
- B. cash sales for the year
- C. credit sales for the year
- D. amount transferred from the sales journal
Explanation
The closing balance on the Sales Ledger Control Account represents the total trade debtors owed to the business at that date.
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