Purchase Ledger Control Accounts Quiz Explained
Here is the working for Purchase Ledger Control Account according to the data in the quiz.
|Cash Paid to Creditors||$12,000||–||$13,000(Cr)|
The Correct Answer of this Purchase Ledger Control account quiz is $13,000 as closing balance.
Here the Customer’s debts written off & return inwards from customers are irrelevant as we are talking about purchase ledger control account & not the sales ledger control account.