WAEC Financial Accounting 2008 Question 14

Question 14

Control Accounts

Which of the following is a debit entry in debtors control account?

  1. A.Credit sales
  2. B.Bad debts
  3. C.Returns inwards
  4. D.Discounts allowed.
Show the answer and explanation

Answer: A (Credit sales)

Explanation

Credit sales increase debtors and are debited.