Use the information below to answer questions 17 and 18. Opening balance.............................N10,640 Purchases...................................N26,912 Returns inwards.............................N492...
FINANCIAL
JAMB 2004
Use the information below to answer questions 17 and 18.
Opening balance.............................N10,640
Purchases...................................N26,912
Returns inwards.............................N492
Returns outwards............................N810
Cash discount received......................N1,348
Cash discount allowed.......................N1,560
Cash paid to suppliers......................N20,808
At the year end, the purchases ledger showed a debit balance of N108.
The total on the debit side of the purchases ledger control account will be?
- A. N22,966
- B. N22,156
- C. N21,834
- D. N21054
Correct Answer: A. N22,966
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