passwella.
Menu

JAMB Principles of Accounts 1994 Question 23

Question 23

Control Accounts

From which of the following sources are creditors control account most likely to be posted?

  1. A.supplier's invoices
  2. B.cash disbursements journal
  3. C.subsidiary debtors ledger
  4. D.purchases journal.
Show the answer and explanation

Answer: D (purchases journal.)

Explanation

The total of credit purchases from the purchases journal (day book) is credited to the creditors (purchases ledger) control account.