The purchases ledger control account of a company had an opening balance of #45 600
FINANCIAL
POST UTME UI
The purchases ledger control account of a company had an opening balance of #45 600 and closing balance of #72 600 credit. The company made payments of #437 000 to credit suppliers during the period; and had discount received of #18 600 on this account. What were the credit purchases for the period?
- A) #509 600
- B) #482 600
- C) #428 600
- D) #418 400
Correct Answer: B) #482 600
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