WAEC Book Keeping 2025 Objective — Question 18
Question 18 of 42 from the West African Examinations Council (WAEC) Book Keeping 2025 Objective paper, with the correct answer and a full explanation.
Advertisement
Discount received would be recorded in the:
- A. Credit side of total debtors account
- B. Debit side of total creditors account
- C. Credit side of total creditors accountCorrect
- D. Debit side of total debtors account
Explanation
Discount received reduces what is owed to suppliers, so it is credited (deducted) on the credit side of the total (purchases ledger) creditors control account.
Advertisement
Sign up free to unlock
- Score tracking
- Practice history
- Saved questions
- Progress dashboard
- Personalized sessions
- Weak-topic breakdown
…and/or go further with premium services and No Ads.