Question Tag: Set-off

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FA – May 2016 – L1 – SA – Q12 – Control Accounts

A question about the meaning of the purchases ledger item in the control account.

The item “Purchases Ledger – N7,200,000” in the control account means:
A. Cash Purchases during the period
B. Credit purchases during the period
C. Receivables set off against payables
D. Cash Payable
E. Cash Receivable

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FA – May 2016 – L1 – SA – Q12 – Control Accounts

A question about the meaning of the purchases ledger item in the control account.

The item “Purchases Ledger – N7,200,000” in the control account means:
A. Cash Purchases during the period
B. Credit purchases during the period
C. Receivables set off against payables
D. Cash Payable
E. Cash Receivable

Login or create a free account to see answers

Find Related Questions by Tags, levels, etc.