A debit balance of N420 on the purchases ledger control account means that the

Accounts - Principles of Accounts

WAEC 2020

A. trade creditors were overpaid by N420
B. trade creditors are owed N420
C. goods returned to trade creditors amounted to N420
D. total supplies from trade creditors amounted to N420

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Correct Answer: Option A

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A debit balance of N420 on the purchases ledger control account means that the

Correct Answer: Option A

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