JAMB - Accounts Principles Of Accounts (2023 - No. 73)

The purchases ledger control account is also known as
bill payable control account
credit purchase control account
creditors control account
total purchase

Explanation

The purchases ledger control account is also known as the creditors control account. This account is used in a business's accounting to record the total amount owed to suppliers for purchases made on credit. It is a summary account that reflects the total amount payable to all suppliers.

Comments (0)

Advertisement