The balance of the purchases ledger control account is?
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
Answer is C
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