passwella.
Menu

JAMB Principles of Accounts 2012 Question 25

Question 25

Control Accounts

Which of the following is a debit item in the sales ledger control account?

  1. A.Cheque receipts
  2. B.Dishonoured cheques
  3. C.Discount allowed
  4. D.Bills receivable.
Show the answer and explanation

Answer: B (Dishonoured cheques)

Explanation

A dishonoured cheque means the debtor owes the money again, so it is debited; the others reduce debtors and are credits.