Accounting for IGCSE & O level - Accounting Procedures (Section 10 - No. 11)
The balance on the purchases ledger control account should equal:
The total of balances on trade payable accounts in the purchases ledger.
The total of all debit entries in the purchases journal.
The total of all credit entries in the cash book.
The balance of the sales ledger control account.
Explanation
The balance on the purchases ledger control account should equal the total of balances on trade payable accounts in the purchases ledger.
Comments (0)
