WAEC Accounting 2024 Objective — Question 17
Question 17 of 50 from the West African Examinations Council (WAEC) Accounting 2024 Objective paper, with the correct answer and a full explanation.
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Ayo will record this transaction on the
- A. debit side of the sales ledger control account
- B. credit side of the sales ledger control account
- C. debit side of the purchases ledger control accountCorrect
- D. credit side of the purchases ledger control account
Explanation
As the purchaser, Ayo records the returned goods (credit note received) on the debit side of his purchases ledger control account, reducing what he owes.
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