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JAMB Principles of Accounts 2012 Question 24

Question 24

Control Accounts

Purchases ledger control account can also be referred to as

  1. A.sales day book
  2. B.purchases day book
  3. C.creditors ledger
  4. D.debtors ledger.
Show the answer and explanation

Answer: C (creditors ledger)

Explanation

The purchases ledger holds creditors' accounts, so its control account is the creditors (ledger) control.