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WAEC Financial Accounting 2025 Question 11

Question 11

Control Accounts

Purchases ledger control account is a summary of sundry

  1. A.creditors
  2. B.debtors
  3. C.expenses
  4. D.incomes
Show the answer and explanation

Answer: A (creditors)

Explanation

The purchases ledger holds suppliers' (creditors') accounts, and its control account summarises them.