The purchases ledger control account showed a credit balance of N525 000 on April 30,…

Accounts - Principles of Accounts JAMB 2007

The purchases ledger control account showed a credit balance of N525 000 on April 30, 2006.
This amount shows?

  • what the debtor of a business enterprise owed the business
  • the total amount which each debtor owed the business
  • what a business enterprise owed its creditors checkmark
  • the amount whicih a business enterprise owed creditor

The correct answer is: C

Explanation

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