Use the following information to answer the given question BOUGHT LEDGER CONTROL ACCOUNT: (begin{array}{c|c} &…

Use the following information to answer the given question
BOUGHT LEDGER CONTROL ACCOUNT:
(begin{array}{c|c} & N & & N \ hline text{Purchases returns} & 1,500 & text{Balance b/f} & 5,000 \ text{Bills payable} & 4,500 & Purchases & 10,500 \ Bank & 6,100 & text{Cheques dishonoured} & 300 \ text{Discount allowed} & 200 & & \ text{Balance c/f} & overline{15,800} & & overline{15,800} end{array})
Creditors at the end of the year amounted to
  • A.
    N10,500
  • B.
    N9,000
  • C.
    N5,000
  • D.
    N4,500
  • E.
    N3,500
Correct Answer: Option E
Explanation
You May Also Like