Purchase Ledger Control Account   #   # Cash paid to debtors 15000 Balance c/d  5000...

Purchase Ledger Control Account # # Cash paid to debtors 15000 Balance c/d 5000...

JAMB 2024

Purchase Ledger Control Account

	#		#
Cash paid to debtors	15000	Balance c/d	5000
Bills payable	3000	Purchase journal	30000
Discount receive	2500
Return outward	1500
Sales ledger	1200
Balance c/d	11800
	35000		35000

The item sales ledger #1,200 represents

A. cash paid to supplier
B. amount due from suppliers
C. cash purchases
D. credit purchase

Your School's Whatsapp Group - Join Us now

WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now

Correct Answer: Option B

Explanation

The item "Sales ledger #1,200" represents the amount due from customers.
In the given Purchase Ledger Control Account information, the entry "Sales ledger" has a value of #1,200. This entry represents the total value of sales made to customers during the accounting period.

Previous Next

Go back to Acc classroom

Report an Error Ask A Question Download App