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Opening balance           10,640 Purchases               ...

Accounts - Principles of Accounts
JAMB 2004

Opening balance           10,640
Purchases                       26,912
Returns inwards                 492
Returns outwards              810
Cash disc received          1,348
Cash disc allowed            1560
Cash paid to suppliers    20,808

At the end of the year, the purchase ledger showed a debit balance of N108


The balancing figure in the purchases ledger control account is?

  • A. N15,828
  • B. N15,720
  • C. N14,940
  • D. N14,694
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Correct Answer: Option D
Explanation
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