Purchases ledger control account - Jamb Accounts - Principles of Accounts Past Questions and Answers

Question 6:

• JAMB 1999

Use the information to answer the question
Aminu and Sons credit purchases (Extract] as at February 1996.
Feb 1Credit balances 40, 000
Debit balances 1, 000
Feb 28 Purchases journal totals 500,000
Returns outwards journal totals 50,000
Cheques paid to suppliers 400,000
Promissory notes sent to suppliers 30,000
Credit balance in the purchases ledger set off against debit balances in the sales ledger 2000
The Total for the purchases ledger control account is

A. N 480,000
B. N490000
C. N 500,000
D. N540,000

Question 7:

• JAMB 1999

Use the information to answer the question
Aminu and Sons credit purchases (Extract] as at February 1996.
Feb 1Credit balances 40, 000
Debit balances 1, 000
Feb 28 Purchases journal totals 500,000
Returns outwards journal totals 50,000
Cheques paid to suppliers 400,000
Promissory notes sent to suppliers 30,000
Credit balance in the purchases ledger set off against debit balances in the sales ledger 2000
What is the balance c/d in the purchases ledger control account?

A. N 2,000
B. N 8, 000
C. N 40, 000
D. N49,000

Question 8:

• JAMB 2002

In a control account, discount received is found on the?

A. Debit side of the purchase ledger control account
B. Debit side of the sales ledger control account
C. Credit side of the purchase ledger control account
D. Credit side of the sales ledger control account

Question 9:

• JAMB 2004

The balancing figure in the purchases ledger control account is?

A. N15,828
B. N15,720
C. N14,940
D. N14,694

Question 10:

• JAMB 2004

The balancing figure in the purchases ledger control account is?

A. N15,828
B. N15,720
C. N14,940
D. N14,694