Amin Ltd. Creditor Ledger Control Account (Extracts) Beginning control account Balance: Debit 32,000 Credit 61,000…

Amin Ltd. Creditor Ledger Control Account (Extracts)
Beginning control account
Balance: Debit 32,000
Credit 61,000
Purchases during the year:
Cash 30,000
Credit 60,000
Payment to suppliers:
Cash 13,000
Cheque 29,000
Debtor’s contra 6,000
The closing control account balance is
  • A.
    N 41,000
  • B.
    N65,000
  • C.
    N71,000
  • D.
    N77,000
Correct Answer: Option A
Explanation
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