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WAEC Financial Accounting 1995 Question 4

Question 4

Control Accounts

Which of the following is not a debit entry on a Sales Ledger Control Account?

  1. A.goods sold
  2. B.Cash received
  3. C.Dishonoured cheque
  4. D.Payments to debtors for claims
  5. E.Interest charges.
Show the answer and explanation

Answer: B (Cash received)

Explanation

Cash received from debtors reduces what they owe, so it is a credit entry.