The purchases ledger control account is also known as
FINANCIAL
JAMB 2023
The purchases ledger control account is also known as
- A. bill payable control account
- B. credit purchase control account
- C. creditors control account
- D. total purchase
Correct Answer: C. creditors control account
Explanation
The purchases ledger control account is also known as the creditors control account. This account is used in a business's accounting to record the total amount owed to suppliers for purchases made on credit. It is a summary account that reflects the total amount payable to all suppliers.
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