GCE Financial Accounting 1989 Question 20

Sales Ledger Control Account (1986)
Debit side: Jan. 1 Balance b/d ₦1,300; Jan. 31 Sales ₦7,630; Dishonoured Cheques ₦250; Stopped Cheques ₦100; Balance c/d ₦92; Total ₦9,372
Credit side: Jan. 1 Balance b/d ₦86; Bank ₦6,555; Discounts ₦345; Returns ₦130; Purchases Ledger ₦360; Balance c/d ₦1,896; Total ₦9,372
Feb. 1 Balance b/d ₦1,896 (debit); Feb. 1 Balance b/d ₦92 (credit)

The items 'Purchases Ledger ₦360' means I. cash purchases during the period II. credit purchases during the period III. trade debtors set off against debts on purchases

1. A.I only
2. B.II only
3. C.III only
4. D.I and II only
5. E.II and III only