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WAEC Financial Accounting 2003 Question 24

Question 24

Control Accounts

Which of the following items is found on the credit side of a Sales Ledger Control Account?

  1. A.Credit sales
  2. B.Debtors cheques dishonoured
  3. C.Interest on overdue account
  4. D.Bad debts written off.
Show the answer and explanation

Answer: D (Bad debts written off.)

Explanation

Bad debts reduce what customers owe, so they are credited.