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The purpose of keeping Sales and Purchases Ledger Control Account is to 

Accounts - Principles of Accounts
WAEC 2017

The purpose of keeping Sales and Purchases Ledger Control Account is to 

  • A. match credit ids Sales and credit purchases
  • B. equate debtors balance to creditors balance
  • C. verify total debtors and total creditors balances
  • D. determine cash sales and cash purchases
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Correct Answer: Option C
Explanation
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WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
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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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Your School's Whatsapp Group - Join Us now
Your School's Whatsapp Group - Join Us now
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
Post UTME Past Questions Agent
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now