Given: Purchases ledger balance..............₦4000 Purchases for the period..............₦50000 Cash refunded by suppliers............₦290 Cheques paid to s...

Question 1 Report

Given:

Purchases ledger balance..............₦4000

Purchases for the period..............₦50000

Cash refunded by suppliers............₦290

Cheques paid to suppliers..............₦42300

Returns outwards.......................₦2000

Discount received from suppliers.......₦400The balance of the purchases ledger control account is?