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Use the information below to answer the question Purchases ledger opening balan...


Question

Use the information below to answer the question

Purchases ledger opening balances ₦4,000
Sales ledger opening balances ₦6,000
Credit purchases during the year ₦25,000
Discounts allowed ₦1,000
Returns inwards ₦2,000
Credit sales during the year ₦10,000
Returns outwards ₦6,000

What is the purchases ledger balance?

Options

A)
₦4,000
B)
₦23,000
C)
₦24,000
D)
₦29,000

The correct answer is B.


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