Given: purchases ledger balance..............N4000 purchases for the period..............N50000 Cash refunded by suppliers............N290 Cheques paid to...
FINANCIAL
JAMB 2005
Given:
purchases ledger balance..............N4000
purchases for the period..............N50000
Cash refunded by suppliers............N290
Cheques paid to suppliers..............N42300
Returns outwards.......................N2000
Discount received from suppliers.......N400
The balance of the purchases ledger control account is?
- A. N10390
- B. N9990
- C. N9590
- D. N9010
Correct Answer: C. N9590
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