Given:

I. Cash refunds

II. Debit note issued

III. Dishonored cheque

IV. Purchases

The item on the credit side of purchases ledger control account includes

  • A Cash refunds
  • B I,II and III only
  • C I and II only
  • D III and IV only
  • E I, III and IV only
jamb 2017accounting

The correct answer is D. III and IV only

Purchases control account it is also called total creditor control account

I,II & IV : some of the items that appear on the credit side of purchases ledger are cash refund to supplier, dishonored cheque by banks and credit purchases

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