Prepare Purchases Ledger Control Account 

 Given

October 1 2015
Purchases ledger b/f $25000
Purchase ledger b/f $900,000
Return outwards $60,000
cash paid to supplier$670,000
Discount received $81,000
Credit Purchases for the month $736,000
Intrest on Overdue Suppliers account $31,600
Refunds From Credit Purchases $92,000
Contra Entry $124,000
Purchases Ledger Debit Balance $45600

Answer rating: 100% (QA)

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