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JAMB Principles of Accounts 2009 Question 24

Question 24

Control Accounts

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

  1. A.Balance b/d
  2. B.Cheque dishonoured
  3. C.Purchases
  4. D.Balance c/d
Show the answer and explanation

Answer: D (Balance c/d)

Explanation

Creditors are a credit balance, so the balance carried down to close the account is on the debit side.