WAEC Accounting 2020 Objective — Question 30

Question 30 of 50 from the West African Examinations Council (WAEC) Accounting 2020 Objective paper, with the correct answer and a full explanation.

Kwamenah would record the 10% discount in the

A. sales journal
B. cash bookCorrect
C. purchases journal
D. journal proper

Explanation

Purchases and discount on purchases are recorded in the purchases journal, while sales and discount on sales are recorded in the sales journal. Since Kwamenah is buying, he will record his part of the transaction (including the cash discount received) in the cash book.

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