The balance on a purchase ledger control account represents the?
FINANCIAL
JAMB 1998
The balance on a purchase ledger control account represents the?
- A. present amount that a business owes its suppliers at date
- B. total credit avaiable to the end of the year to be utilized in future
- C. total credit the business enjoyed for the particular year from its suppliers
- D. total credit owd the business by its customers
Correct Answer: A. present amount that a business owes its suppliers at date
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