WAEC Accounting 2024 Objective — Question 2
Question 2 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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An item recorded in the profit and loss account is
- A. creditors
- B. cash-in-hand
- C. debtors
- D. general expensesCorrect
Explanation
General expenses are posted to the debit side of the profit and loss account.
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