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WAEC Financial Accounting 2005 Question 13

Question 13

Double Entry and the Ledger

The total of the sales journal is entered on the

  1. A.debit side of Sales Account
  2. B.debit side of Cash Account
  3. C.credit side of Sales Account
  4. D.credit side of Cash Account.
Show the answer and explanation

Answer: C (credit side of Sales Account)

Explanation

Total credit sales are credited to the sales account.