A trader provided the following information. | | | \$ | | :--- | :--- | :--- | | 1 March | purchases ledger control account balance | 4000 | | 31 March | purchases journal total | 53000 | | | purchases returns journal total | 2000 | | | cheques paid to suppliers | 47000 | | | discounts received | 1000 | What was the purchases ledger control account balance on 31 March?
Explanation
To find the purchases ledger control account balance on 31 March, we need to add the purchases journal total and purchases returns journal total, and then subtract the cheques paid to suppliers and add the discounts received. The purchases ledger control account balance on 31 March is $11000.
⬆ Related Topic
📘 Syllabus
View IGCSE Class 10 Syllabus →
📝 Practice Questions
Practice Previous Year Questions →
🤖 Practice with AI
Generate Practice Question Paper →