The purchase ledger control account of a company had an opening balance of N45,600 credit...
FINANCIAL
JAMB 1995
The purchase ledger control account of a company had an opening balance of N45,600 credit and closing balance of N72,600 credit. The company made payments of 437,000 to credit suppliers during the period: and had discount received of N18,600 on this account. What were the credit purchase for the period?
- A. N509,600
- B. N482,600
- C. N428,600
- D. N418,400
Correct Answer: B. N482,600
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