Question on: JAMB Accounting - 2024
Purchase Ledger Control Account
Cash paid to debtors: 15000
Bills payable: 3000
Discount received: 2500
Return outward: 1500
Sales ledger: 1200
Balance c/d: 11800
Purchase journal: 30000
The amount #30,000 represents:
A
cash purchases
B
cash paid to supplier
C
credit purchases
D
amount due from supplier
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Correct Option: C
The amount of #30,000 in the Purchase Ledger Control Account represents the value of credit purchases. It is the total amount recorded in the purchase journal for goods bought on credit.
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