Given:

I. Cash refunds
II. Debit note issued
III. Dishonored cheque
IV. Purchases
The item on the credit side of purchases ledger control account includes

I, II and III only

I and II only

III and IV only

I, III and IV only

Correct answer is D

Purchases control account it is also called total creditor control account
I,II & IV : some of the items that appear on the credit side of purchases ledger are cash refund to supplier, dishonored cheque by banks and credit purchases

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Given:

I. Cash refunds
II. Debit note issued
III. Dishonored cheque
IV. Purchases
The item on the credit side of purchases ledger control account includes

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Given: I. Cash refunds II. Debit note issued III. Dishonored cheque IV. Purchases The item on the credit side of purchases ledger control account includes

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Aptitude Tests

Given:

I. Cash refunds
II. Debit note issued
III. Dishonored cheque
IV. Purchases
The item on the credit side of purchases ledger control account includes