JAMB Accounting 2018 Objective — Question 19

Question 19 of 40 from the Joint Admissions and Matriculation Board (JAMB) Accounting 2018 Objective paper, with the correct answer and a full explanation.

What is the purchases ledger balance?

A. #29,000
B. #24,000
C. #4,000
D. #23,000Correct

Explanation

Purchases ledger control account: bal b/d 4,000 + purchases 25,000 = 29,000 total credit; less returns outward 6,000 = balance c/d #23,000.

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