Which of the foloowing is a credit item in creditors ledger control account?

Accounts - Principles of Accounts JAMB 2016

Which of the foloowing is a credit item in creditors ledger control account?

  • Returns outwards
  • Discount Received
  • Bad debts
  • Purchases checkmark

The correct answer is: D

Explanation

some of the items found on the credit side of the creditors ledger control account include, bank, carriage, credit purchases etc

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