WAEC Accounting 2022 Objective — Question 47
Question 47 of 50 from the West African Examinations Council (WAEC) Accounting 2022 Objective paper, with the correct answer and a full explanation.
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The GH¢4,000 on the credit side is
- A. carriage inwards
- B. carriage outwards
- C. returns inwardsCorrect
- D. returns outwards
Explanation
The GH¢4,000 is deducted from Sales (on the credit side of the trading account), which indicates it is a sales return, i.e. returns inwards.
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