passwella.
Menu

WAEC Financial Accounting 2022 Question 23

Question 23

Control Accounts

One of the items on the debit side of sales ledger control account is

  1. A.bills accepted by debtors
  2. B.bills dishonored by debtors
  3. C.returns inwards
  4. D.bad debt
Show the answer and explanation

Answer: B (bills dishonored by debtors)

Explanation

A dishonoured bill makes the customer owe again, so it is debited; the others reduce debtors.