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The purchases ledger control account is also known as

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Accounts - Principles of Accounts JAMB 2023

The purchases ledger control account is also known as

  • bill payable control account
  • credit purchase control account
  • creditors control account checkmark
  • total purchase

The correct answer is: C

Explanation

The purchases ledger control account is also known as the creditors control account. This account is used in a business's accounting to record the total amount owed to suppliers for purchases made on credit. It is a summary account that reflects the total amount payable to all suppliers.

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