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WAEC Financial Accounting 1992 Question 50

Question 50

Control Accounts

Which of the following is not on Debtor's Ledger Control account?

  1. A.Credit Sales
  2. B.Cash Sales
  3. C.Bills receivable
  4. D.Dishonoured cheque
  5. E.Cash received from customers.
Show the answer and explanation

Answer: B (Cash Sales)

Explanation

Cash sales create no debtor, so they never enter the debtors' control account.