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What are the entries of posting credit purchases into the purchases ledger control account?

Accounts - Principles of Accounts
WAEC 1990

What are the entries of posting credit purchases into the purchases ledger control account?
  • A. debt purchases ledger control accoun only
  • B. debit both purchases account and purchases ledger control account
  • C. credit purchases acount, debit purcases ledger control account
  • D. credit both purchases ledger control account and the purchases accunt
  • E. debit purchases account, credit purchases ladger control account
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Correct Answer: Option E
Explanation
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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Post UTME Past Questions Agent
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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