Accounts - Principles of Accounts
JAMB 2000
Amin Ltd. Creditor Ledger Control Account (Extracts)
Beginning control account
Balance: Debit 32,000
Credit 61,000
Purchases during the year:
Cash 30,000
Credit 60,000
Payment to suppliers:
Cash 13,000
Cheque 29,000
Debtor's contra 6,000
The closing control account balance is
-
A.
N 41,000
-
B.
N65,000
-
C.
N71,000
-
D.
N77,000
Correct Answer: Option A
Explanation
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