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 o...

Assessment: JAMB UTME - Principles of Accounts - 2020 Subject: Financial Accounting

Question 1 Report

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?

N509,600

N482,600

N428,600

N418,400