WAEC Accounting 2024 Objective — Question 18
Question 18 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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Bayo will record this transaction on the
- A. debit side of the sales ledger control account
- B. credit side of the sales ledger control accountCorrect
- C. debit side of the purchases ledger control account
- D. credit side of the purchases ledger control account
Explanation
As the seller, Bayo records the credit note issued on the credit side of his sales ledger control account, reducing what is owed to him.
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