Use the information below to answer questions 17 and 18.Opening balance.............................₦10,640 Purchases...................................₦26,...

Assessment: JAMB UTME - Principles of Accounts - 2004 Subject: Financial Accounting

Question 1 Report

Use the information below to answer questions 17 and 18.Opening balance.............................₦10,640

Purchases...................................₦26,912

Returns inwards.............................₦492

Returns outwards............................₦810

Cash discount received......................₦1,348

Cash discount allowed.......................₦1,560

Cash paid to suppliers......................₦20,808At the year end, the purchases ledger showed a debit balance of ₦108.The total on the debit side of the purchases ledger control account will be?

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