The purchases ledger control account showed a credit balance of N525 000 on April 30, 2006.

This amount shows?

  • A what the debtor of a business enterprise owed the business
  • B the total amount which each debtor owed the business
  • C what a business enterprise owed its creditors
  • D the amount whicih a business enterprise owed creditor

The correct answer is C. what a business enterprise owed its creditors

No explanation given
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