Accounting WAEC

Which of the following is not correct?

A. credit sales are entered on debit side of the customer’s personal account
B. credit purchases are entered on the debit side of the supplier’s personal account
C. return inward are entered on the credit side of the customer’s personal account
D. returns outwards are entered in on the debit side of the supplier’s account

Correct Answer: Option B

B. credit purchases are entered on the debit side of the supplier’s personal account

Sunday

Recent Posts

List of Universities Offering Veterinary Medicine in Nigeria

Veterinary medicine is the branch of medicine that deals with the prevention, diagnosis, and treatment…

4 months ago

List of Universities Offering Anthropology in Nigeria

Anthropology is the scientific study of human beings and their cultures. It encompasses a wide…

4 months ago

List of Universities Offering Sociology in Nigeria

Sociology is the scientific study of human society, culture, and behavior. It examines the social…

4 months ago

List of Universities Offering Social Work in Nigeria

Social Work is a profession dedicated to helping individuals, families, and communities to cope with…

4 months ago

List of Universities Offering Religious Studies in Nigeria

Religious studies is an academic discipline that explores the beliefs, practices, and history of various…

4 months ago

List of Universities Offering Public Administration in Nigeria

Public administration is the field of study and practice that focuses on the organization and…

4 months ago