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 amount #30,000 represents

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

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Correct Answer: Option C

Explanation

In the given Purchase Ledger Control Account information, the entry "Purchase journal" has a value of #30,000. This entry represents the total value of purchases made on credit from suppliers during the accounting period.

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