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WAEC Financial Accounting 2022 Question 24

Question 24

Double Entry and the Ledger

The sales ledger contains accounts of

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

Answer: A (trade debtors)

Explanation

The sales ledger holds the personal accounts of credit customers.