Accounts - Principles of Accounts
JAMB 1995
The purchase ledger control account of a company had an opening balance of N45,600 credit and closing balance of N72,600 credit. The company made payments of 437,000 to credit suppliers during the period: and had discount received of N18,600 on this account. What were the credit purchase for the period?
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A.
N509,600
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B.
N482,600
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C.
N428,600
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D.
N418,400
Correct Answer: Option B
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