Given: purchases ledger balance…………..N4000 purchases for the period…………..N50000 Cash refunded by suppliers…………N290 Cheques paid to…

Accounts - Principles of Accounts JAMB 2005

Given:
purchases ledger balance…………..N4000
purchases for the period…………..N50000
Cash refunded by suppliers…………N290
Cheques paid to suppliers…………..N42300
Returns outwards…………………..N2000
Discount received from suppliers…….N400

The balance of the purchases ledger control account is?

  • N10390
  • N9990
  • N9590 checkmark
  • N9010

The correct answer is: C

Explanation

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