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WAEC Financial Accounting 2010 Question 26

Question 26

Control Accounts

The balance of the sales ledger control account represents

  1. A.total sales
  2. B.total credit sales
  3. C.total creditors
  4. D.total debtors
Show the answer and explanation

Answer: D (total debtors)

Explanation

It equals the total of all the individual debtors' balances.