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

Question 16:

• JAMB 2007

The purchases ledger control account showed a credit balance of N525 000 on April 30, 2006.
This amount shows?

A. What the debtor of a business enterprise owed the business
B. The total amount which each debtor owed the business
C. What a business enterprise owed its creditors
D. The amount whicih a business enterprise owed creditor

Question 17:

• JAMB 2008

Which of the following is a credit item in creditors ledger control account?

A. Purchases returns
B. Bills payable
C. Purchases
D. Cash receipts

Question 18:

• JAMB 2009

Apart from the common control accounts, a control account can also be opened for?

A. Sales account
B. Purchases account
C. Cash account
D. Wages account

Question 19:

• JAMB 2009

Which of the following is a debit item in the purchases ledger control account.

A. Balance b/d
B. Cheque dishonoured
C. Purchases
D. Balance c/d

Question 20:

• JAMB 2012

Purchasers ledger control account can also be referred to as

A. Sales day book
B. Purchasers day book
C. Creditors legder
D. Debtors ledger