Aminu and Sons credit purchases (Extract] as at February 1996.

Feb 1Credit balances 40, 000
Debit balances 1, 000
Feb 28 Purchases journal totals 500,000
Returns outwards journal totals 50,000
Cheques paid to suppliers 400,000
Promissory notes sent to suppliers 30,000
Credit balance in the purchases ledger set off against debit balances in the sales ledger 2000

The Total for the purchases ledger control account is

Similar Questions

A petty cashier operates with an imprest of D1,000 per week. At the end of the week he had disbursed...

The trading account is usually headed ...

Determine the opening cash balance of the club? ...

A rapidly growing business organization with multiple units that is interested in comparing the perf...

Given that the balance as per cash book after necessary adjustment was N4,315, unpresented cheques w...

Given: I. Settlement of debts II. Cessation of business III. Introduction of assets IV. Dispos...

In a trial balance, income and liabilities are? ...

Which of the following is does not relate to a non-for-profit-making organization? ...

Which of the following terms is not used to describe the total amount stated in the memorandum of as...

A business is treated as being separated from owners. This statement is emphasized by ...