Given: purchases ledger balance..............N4000 purchases for the period..............N50000 Cash refunded by suppliers............N290 Cheques paid to...

JAMB 2005

Given:
purchases ledger balance..............N4000
purchases for the period..............N50000
Cash refunded by suppliers............N290
Cheques paid to suppliers..............N42300
Returns outwards.......................N2000
Discount received from suppliers.......N400

The balance of the purchases ledger control account is?

A. N10390
B. N9990
C. N9590
D. N9010

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Correct Answer: Option C

Explanation

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