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The purchases ledger control account showed a credit balance of N525 000 on April 30,…

The purchases ledger control account showed a credit balance of N525 000 on April 30, 2006.
This amount shows?
  • A.
    what the debtor of a business enterprise owed the business
  • B.
    the total amount which each debtor owed the business
  • C.
    what a business enterprise owed its creditors
  • D.
    the amount whicih a business enterprise owed creditor
Correct Answer: Option C
Explanation